Home Price Key
Affordable
Average
Expensive
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 $51,796, lower than the Texas average of $235,268.
The average cost of rent is $581/mo in Amherst, primarily driven by the current value of real estate in the Amherst area. While nearly 81.26% of residents own their homes outright in Amherst, 16.97% rent.
Housing affordability isn’t just about home prices, though. The average household income in Amherst is $4,620 per month. Households that rent pay about 12.57% of their income on rent here. Amherst's most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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- Friendship, TX: higher priced homes
- Spade, TX: higher priced homes
- Bula, TX: higher priced homes
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- Cotton Center, TX: higher priced homes
- Halfway, TX: higher priced homes
Cities with Similar Populations
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- Silver Lake, OR: higher priced homes
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- Shady Grove, TX: higher priced homes
- Rexford, MT: higher priced homes
- Mexico Beach, FL: higher priced homes
- Midland, TN: higher priced homes
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