The Most Affordable Neighborhoods in Groesbeck, TX by Home Value

These days, finding an affordable place to live in the Groesbeck area can be challenging. Home prices in Groesbeck are now at a median cost of $169,136, lower than the Texas average of $322,096.

The average cost of rent is $847/mo in Groesbeck, primarily driven by the current value of real estate in the Groesbeck area. In Groesbeck, 29.44% of households rent, and 68.78% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Groesbeck is $6,094 per month. Households that rent pay about 13.90% of their income on rent here. Groesbeck’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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