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These days, finding an affordable place to live in the Groom area can be challenging. Home prices in Groom are now at a median cost of $115,241, lower than the Texas average of $322,096.
The average cost of rent is $975/mo in Groom, primarily driven by the current value of real estate in the Groom area. In Groom, 18.75% of households rent, and 69.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Groom is $5,930 per month. Households that rent pay about 16.44% of their income on rent here. Groom’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lark, TX: less expensive homes
- Jericho, TX: higher priced homes
- Panhandle, TX: higher priced homes
- Claude, TX: higher priced homes
- Alanreed, TX: higher priced homes
- McLean, TX: less expensive homes
- Washburn, TX: higher priced homes
- Pakan, TX: less expensive homes
- Lela, TX: less expensive homes
- Amarillo, TX: higher priced homes
Cities with Similar Populations
- Noatak, AK: higher priced homes
- Reeves, LA: equally priced homes
- Readstown, WI: higher priced homes
- Reading, KS: higher priced homes
- Reader, WV: less expensive homes
- Quentin, MS: higher priced homes
- North Java, NY: higher priced homes
- Norris, SC: higher priced homes
- Nordheim, TX: less expensive homes
- Nora, WI: higher priced homes
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