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These days, finding an affordable place to live in the Bynum area can be challenging. Home prices in Bynum are now at a median cost of $267,205, lower than the Texas average of $322,096.
The average cost of rent is $991/mo in Bynum, primarily driven by the current value of real estate in the Bynum area. In Bynum, 12.19% of households rent, and 59.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Bynum is $6,048 per month. Households that rent pay about 16.38% of their income on rent here. Bynum’s most expensive areas are in the central 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.
Nearby Cities
- Brandon, TX: equally priced homes
- Chat, TX: equally priced homes
- Winslow, TX: less expensive homes
- Irene, TX: less expensive homes
- Hillsboro, TX: less expensive homes
- Abbott, TX: equally priced homes
- Malone, TX: less expensive homes
- Carls Corner, TX: less expensive homes
- Mertens, TX: equally priced homes
- Penelope, TX: less expensive homes
Cities with Similar Populations
- Leesville, OH: less expensive homes
- Maramec, OK: less expensive homes
- Makinen, MN: less expensive homes
- Loveless, AL: less expensive homes
- Loraine, CA: less expensive homes
- Longtown, NC: less expensive homes
- London, CA: equally priced homes
- Livingston, SC: less expensive homes
- Lincoln, VT: higher priced homes
- Lillard, TX: less expensive homes
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