Home Price Key
Affordable
Average
Expensive
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 $156,625, lower than the Texas average of $235,268.
The average cost of rent is $1,168/mo in Ferris, primarily driven by the current value of real estate in the Ferris area. While nearly 54.29% of residents own their homes outright in Ferris, 21.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ferris is $5,962 per month. Households that rent pay about 19.59% of their income on rent here. Ferris's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- India, TX: equally priced homes
- Patrick, TX: less expensive homes
- Wilmer, TX: less expensive homes
- Palmer, TX: equally 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: equally priced homes
- Hutchins, TX: less expensive homes
Cities with Similar Populations
- Oak Grove, MN: higher priced homes
- Piney Flats, TN: higher priced homes
- Pine Grove, PA: higher priced homes
- Picture Rocks, AZ: less expensive 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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