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Affordable
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These days, finding an affordable place to live in the Hancock area can be challenging. Home prices in Hancock are now at a median cost of $252,300, lower than the Texas average of $322,096.
The average cost of rent is $676/mo in Hancock, primarily driven by the current value of real estate in the Hancock area. In Hancock, 33.09% of households rent, and 72.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hancock is $6,979 per month. Households that rent pay about 9.69% of their income on rent here. Hancock’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- O'Donnell, TX: less expensive homes
- Key, TX: equally priced homes
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- Welch, TX: less expensive homes
- Gail, TX: less expensive homes
- Loop, TX: equally priced homes
- Fluvanna, TX: less expensive homes
- Seagraves, TX: less expensive homes
Cities with Similar Populations
- Elkol, WY: higher priced homes
- Three Rocks, OR: higher priced homes
- Tie Siding, WY: higher priced homes
- Toad Hop, IN: less expensive homes
- Toonerville, CO: equally priced homes
- Trimmer, CA: higher priced homes
- Freetown, KY: less expensive homes
- Frederick, KS: less expensive homes
- Enos Corner, IN: less expensive homes
- Elmo, VA: less expensive homes
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