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Affordable
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These days, finding an affordable place to live in the Commerce area can be challenging. Home prices in Commerce are now at a median cost of $174,470, lower than the Texas average of $322,096.
The average cost of rent is $912/mo in Commerce, primarily driven by the current value of real estate in the Commerce area. In Commerce, 51.54% of households rent, and 60.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Commerce is $4,825 per month. Households that rent pay about 18.91% of their income on rent here. Commerce’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jardin, TX: less expensive homes
- Horton, TX: equally priced homes
- Fairlie, TX: less expensive homes
- Neylandville, TX: higher priced homes
- Campbell, TX: higher priced homes
- Emblem, TX: higher priced homes
- Cumby, TX: higher priced homes
- Ridgeway, TX: higher priced homes
- Klondike, TX: equally priced homes
- Jacobia, TX: equally priced homes
Cities with Similar Populations
- Lakeville, MA: higher priced homes
- Jefferson, LA: higher priced homes
- Johnstown, NY: equally priced homes
- Kempner, TX: higher priced homes
- Kenai, AK: higher priced homes
- Keyser, WV: equally priced homes
- Kingstree, SC: less expensive homes
- Kinnelon, NJ: higher priced homes
- Knoxville, IA: higher priced homes
- Shelley, ID: higher priced homes
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