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These days, finding an affordable place to live in the Fate area can be challenging. Home prices in Fate are now at a median cost of $392,405, higher than the Texas average of $322,096.
The average cost of rent is $2,376/mo in Fate, primarily driven by the current value of real estate in the Fate area. In Fate, 9.42% of households rent, and 20.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fate is $12,277 per month. Households that rent pay about 19.36% of their income on rent here. Fate’s most expensive areas are in the western regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Royse City, TX: equally priced homes
- Rockwall, TX: higher priced homes
- McLendon-Chisholm, TX: higher priced homes
- Lavon, TX: equally priced homes
- Union Valley, TX: equally priced homes
- Nevada, TX: equally priced homes
- Heath, TX: higher priced homes
- Josephine, TX: less expensive homes
- Copeville, TX: higher priced homes
- Rowlett, TX: equally priced homes
Cities with Similar Populations
- Leesville, LA: less expensive homes
- Lugoff, SC: less expensive homes
- Lowell, MI: less expensive homes
- Longmeadow, MA: higher priced homes
- Logan, OH: less expensive homes
- Livingston, CA: less expensive homes
- Live Oak, TX: less expensive homes
- Lindale, TX: less expensive homes
- Lihue, HI: higher priced homes
- Liberty, SC: less expensive homes
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