The Most Affordable Neighborhoods in Alice, TX by Home Value

These days, finding an affordable place to live in the Alice area can be challenging. Home prices in Alice are now at a median cost of $129,657, lower than the Texas average of $322,096.

The average cost of rent is $913/mo in Alice, primarily driven by the current value of real estate in the Alice area. In Alice, 36.40% of households rent, and 62.59% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Alice is $4,690 per month. Households that rent pay about 19.46% of their income on rent here. Alice’s most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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