Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Balmorhea area can be challenging. Home prices in Balmorhea are now at a median cost of $153,168, lower than the Texas average of $235,268.
The average cost of rent is $608/mo in Balmorhea, primarily driven by the current value of real estate in the Balmorhea area. While nearly 82.57% of residents own their homes outright in Balmorhea, 7.94% rent.
Housing affordability isn’t just about home prices, though. The average household income in Balmorhea is $3,558 per month. Households that rent pay about 17.08% of their income on rent here. Balmorhea's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Saragosa, TX: less expensive homes
- Fort Stockton, TX: less expensive homes
- Van Horn, TX: less expensive homes
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- Iraan, TX: less expensive homes
- Eldorado, TX: less expensive homes
- Fort Mc Kavett, TX: higher priced homes
- Menard, TX: less expensive homes
- Hext, TX: higher priced homes
- Calf Creek, TX: higher priced homes
Cities with Similar Populations
- Murdo, SD: less expensive homes
- Hannibal, TX: higher priced homes
- Hatteras, NC: higher priced homes
- Heber, AZ: higher priced homes
- Mendon, VT: higher priced homes
- Monterey, VA: equally priced homes
- Moran, MI: less expensive homes
- Mount Lucas, TX: less expensive homes
- Mountain Park, GA: higher priced homes
- Goodfield, TN: equally priced homes
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