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These days, finding an affordable place to live in the Cottonwood area can be challenging. Home prices in Cottonwood are now at a median cost of $238,700, lower than the Texas average of $322,096.
The average cost of rent is $1,118/mo in Cottonwood, primarily driven by the current value of real estate in the Cottonwood area. In Cottonwood, 23.27% of households rent, and 44.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cottonwood is $7,281 per month. Households that rent pay about 15.36% of their income on rent here. Cottonwood’s most expensive areas are in the eastern 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
- Scurry, TX: higher priced homes
- Grays Prairie, TX: higher priced homes
- Rosser, TX: higher priced homes
- Peeltown, TX: equally priced homes
- Sand Lake, TX: higher priced homes
- Warsaw, TX: higher priced homes
- Oak Grove, TX: higher priced homes
- Styx, TX: less expensive homes
- Jiba, TX: less expensive homes
- Elmo, TX: equally priced homes
Cities with Similar Populations
- Story, OK: higher priced homes
- Stringtown, OH: higher priced homes
- Malcolm, AL: less expensive homes
- Manalapan, FL: higher priced homes
- Stoy, IL: less expensive homes
- Mansfield, TN: less expensive homes
- Maple Corner, OH: equally priced homes
- Maramec, OK: less expensive homes
- Marion, CT: higher priced homes
- Macdoel, CA: less expensive homes
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