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These days, finding an affordable place to live in the Galveston area can be challenging. Home prices in Galveston are now at a median cost of $347,044, higher than the Texas average of $322,096.
The average cost of rent is $1,387/mo in Galveston, primarily driven by the current value of real estate in the Galveston area. In Galveston, 53.91% of households rent, and 57.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Galveston is $5,246 per month. Households that rent pay about 26.45% of their income on rent here. Galveston’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
- Texarkana, TX: less expensive homes
- Hoffman Estates, IL: equally priced homes
- Logan, UT: higher priced homes
- Minnetonka, MN: higher priced homes
- Morgan Hill, CA: higher priced homes
- New Iberia, LA: less expensive homes
- Olive Branch, MS: less expensive homes
- Plainfield, NJ: higher priced homes
- Port Arthur, TX: less expensive homes
- Asheboro, NC: less expensive homes
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