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These days, finding an affordable place to live in the Damon area can be challenging. Home prices in Damon are now at a median cost of $238,054, lower than the Texas average of $322,096.
The average cost of rent is $1,055/mo in Damon, primarily driven by the current value of real estate in the Damon area. In Damon, 18.19% of households rent, and 55.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Damon is $6,417 per month. Households that rent pay about 16.43% of their income on rent here. Damon’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Long Point, TX: higher priced homes
- Guy, TX: higher priced homes
- Danciger, TX: less expensive homes
- Lochridge, TX: equally priced homes
- West Columbia, TX: equally priced homes
- Holiday Lakes, TX: less expensive homes
- Old Ocean, TX: less expensive homes
- Baileys Prairie, TX: higher priced homes
- Pledger, TX: equally priced homes
- Sandy Point, TX: higher priced homes
Cities with Similar Populations
- Westerlo, NY: higher priced homes
- Riley, KS: less expensive homes
- Palenville, NY: higher priced homes
- Accident, MD: equally priced homes
- Cottonwood, MN: less expensive homes
- Coteau Rodaire, LA: less expensive homes
- Coon Valley, WI: equally priced homes
- Clio, SC: less expensive homes
- Clear Lake, SD: less expensive homes
- Clay, KY: less expensive homes
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