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These days, finding an affordable place to live in the 78516 area can be challenging. Home prices in 78516 are now at a median cost of $78,567, lower than the Texas average of $235,268.
The average cost of rent is $611/mo in 78516, primarily driven by the current value of real estate in the 78516 area. While nearly 67.79% of residents own their homes outright in 78516, 22.79% rent.
Housing affordability isn’t just about home prices, though. The average household income in 78516 is $3,810 per month. Households that rent pay about 16.03% of their income on rent here. 78516's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the zip.
Nearby Zip Codes
- 78589, TX: higher priced homes
- 78537, TX: less expensive homes
- 78577, TX: higher priced homes
- 78599, TX: higher priced homes
- 78539, TX: higher priced homes
- 78501, TX: higher priced homes
- 78596, TX: higher priced homes
- 78503, TX: higher priced homes
- 78558, TX: equally priced homes
- 78504, TX: higher priced homes
Zip Codes with Similar Populations
- 89012, NV: higher priced homes
- 37312, TN: higher priced homes
- 38671, MS: higher priced homes
- 40165, KY: higher priced homes
- 40391, KY: higher priced homes
- 40511, KY: higher priced homes
- 45458, OH: higher priced homes
- 80521, CO: higher priced homes
- 84129, UT: higher priced homes
- 85335, AZ: higher priced homes
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