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These days, finding an affordable place to live in the Amherst area can be challenging. Home prices in Amherst are now at a median cost of $61,472, lower than the Texas average of $322,096.
The average cost of rent is $784/mo in Amherst, primarily driven by the current value of real estate in the Amherst area. In Amherst, 24.82% of households rent, and 85.21% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Amherst is $5,410 per month. Households that rent pay about 14.50% of their income on rent here. Amherst’s most expensive areas are in the southeastern 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.
Nearby Cities
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Cities with Similar Populations
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