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These days, finding an affordable place to live in the 78616 area can be challenging. Home prices in 78616 are now at a median cost of $170,927, lower than the Texas average of $235,268.
The average cost of rent is $997/mo in 78616, primarily driven by the current value of real estate in the 78616 area. While nearly 39.52% of residents own their homes outright in 78616, 15.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in 78616 is $5,581 per month. Households that rent pay about 17.86% of their income on rent here. 78616's most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the zip.
Nearby Zip Codes
- 78644, TX: equally priced homes
- 78662, TX: higher priced homes
- 78656, TX: less expensive homes
- 78640, TX: higher priced homes
- 78610, TX: higher priced homes
- 78953, TX: higher priced homes
- 78655, TX: equally priced homes
- 78666, TX: higher priced homes
- 78957, TX: higher priced homes
- 78676, TX: higher priced homes
Zip Codes with Similar Populations
- 82435, WY: higher priced homes
- 19086, PA: higher priced homes
- 19344, PA: higher priced homes
- 21102, MD: higher priced homes
- 23072, VA: higher priced homes
- 23702, VA: equally priced homes
- 36863, AL: less expensive homes
- 77068, TX: higher priced homes
- 78629, TX: less expensive homes
- 81006, CO: higher priced homes
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