The Most Affordable Neighborhoods in Alvarado, TX by Home Value

These days, finding an affordable place to live in the Alvarado area can be challenging. Home prices in Alvarado are now at a median cost of $244,306, lower than the Texas average of $322,096.

The average cost of rent is $1,327/mo in Alvarado, primarily driven by the current value of real estate in the Alvarado area. In Alvarado, 20.93% of households rent, and 45.01% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Alvarado is $7,100 per month. Households that rent pay about 18.69% of their income on rent here. Alvarado’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern 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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