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These days, finding an affordable place to live in the Hannibal area can be challenging. Home prices in Hannibal are now at a median cost of $300,549, lower than the Texas average of $322,096.
The average cost of rent is $1,393/mo in Hannibal, primarily driven by the current value of real estate in the Hannibal area. In Hannibal, 11.71% of households rent, and 62.39% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hannibal is $6,688 per month. Households that rent pay about 20.83% of their income on rent here. Hannibal’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Huckabay, TX: equally priced homes
- Thurber, TX: equally priced homes
- Lingleville, TX: less expensive homes
- Patillo, TX: higher priced homes
- Stephenville, TX: less expensive homes
- Desdemona, TX: less expensive homes
- Welcome Valley, TX: equally priced homes
- Bluff Dale, TX: higher priced homes
- Ranger, TX: less expensive homes
- Staff, TX: less expensive homes
Cities with Similar Populations
- Lowndesboro, AL: less expensive homes
- Manor, GA: less expensive homes
- Manlius, IL: less expensive homes
- Manila, MO: less expensive homes
- Manderson, WY: equally priced homes
- Mahoneyville, NJ: less expensive homes
- Mahoney, TX: equally priced homes
- Mackinac Island, MI: higher priced homes
- Macedon Center, NY: less expensive homes
- Lytton, OH: less expensive homes
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