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These days, finding an affordable place to live in the Gatesville area can be challenging. Home prices in Gatesville are now at a median cost of $224,878, lower than the Texas average of $322,096.
The average cost of rent is $1,033/mo in Gatesville, primarily driven by the current value of real estate in the Gatesville area. In Gatesville, 31.08% of households rent, and 66.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gatesville is $5,981 per month. Households that rent pay about 17.27% of their income on rent here. Gatesville’s most expensive areas are in the northwestern 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
- South Mountain, TX: higher priced homes
- Ireland, TX: equally priced homes
- Mound, TX: less expensive homes
- Arnett, TX: equally priced homes
- Levita, TX: equally priced homes
- Leon Junction, TX: higher priced homes
- Osage, TX: equally priced homes
- Oglesby, TX: equally priced homes
- Jonesboro, TX: equally priced homes
- King, TX: equally priced homes
Cities with Similar Populations
- Elmwood Park, NJ: higher priced homes
- Syosset, NY: higher priced homes
- Sylacauga, AL: less expensive homes
- Sycamore, IL: higher priced homes
- St. Joseph, MI: higher priced homes
- Springtown, TX: higher priced homes
- Spring Lake, NC: less expensive homes
- South St. Paul, MN: higher priced homes
- Gardner, MA: higher priced homes
- Ferndale, MI: higher priced homes
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