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These days, finding an affordable place to live in the 78940 area can be challenging. Home prices in 78940 are now at a median cost of $328,228, higher than the Texas average of $322,096.
The average cost of rent is $816/mo in 78940, primarily driven by the current value of real estate in the 78940 area. In 78940, 7.57% of households rent, and 63.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 78940 is $7,469 per month. Households that rent pay about 10.92% of their income on rent here. 78940’s most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 78938, TX: less expensive homes
- 78954, TX: higher priced homes
- 78950, TX: equally priced homes
- 78944, TX: higher priced homes
- 78945, TX: equally priced homes
- 78931, TX: equally priced homes
- 78933, TX: equally priced homes
- 78963, TX: less expensive homes
- 77418, TX: higher priced homes
- 78949, TX: less expensive homes
Zip Codes with Similar Populations
- 06442, CT: higher priced homes
- 10976, NY: higher priced homes
- 12581, NY: higher priced homes
- 12604, NY: equally priced homes
- 12748, NY: less expensive homes
- 15458, PA: less expensive homes
- 27888, NC: less expensive homes
- 28529, NC: less expensive homes
- 74883, OK: less expensive homes
- 30816, GA: less expensive homes
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