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These days, finding an affordable place to live in the Ferris area can be challenging. Home prices in Ferris are now at a median cost of $242,410, lower than the Texas average of $322,096.
The average cost of rent is $1,487/mo in Ferris, primarily driven by the current value of real estate in the Ferris area. In Ferris, 18.13% of households rent, and 55.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ferris is $7,057 per month. Households that rent pay about 21.07% of their income on rent here. Ferris’s most expensive areas are in the southeastern 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
- India, TX: higher priced homes
- Patrick, TX: equally priced homes
- Wilmer, TX: less expensive homes
- Palmer, TX: higher priced homes
- Bristol, TX: higher priced homes
- Pecan Hill, TX: higher priced homes
- Red Oak, TX: higher priced homes
- Ike, TX: higher priced homes
- Kleberg, TX: less expensive homes
- Hutchins, TX: equally priced homes
Cities with Similar Populations
- Oak Grove, MN: higher priced homes
- Piney Flats, TN: higher priced homes
- Pine Grove, PA: less expensive homes
- Picture Rocks, AZ: equally priced homes
- Philomath, OR: higher priced homes
- Philipsburg, PA: less expensive homes
- Perry Heights, OH: less expensive homes
- Palm Beach, FL: higher priced homes
- Oakdale, LA: less expensive homes
- Pismo Beach, CA: higher priced homes
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