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These days, finding an affordable place to live in the Hobson area can be challenging. Home prices in Hobson are now at a median cost of $253,802, lower than the Texas average of $322,096.
The average cost of rent is $964/mo in Hobson, primarily driven by the current value of real estate in the Hobson area. In Hobson, 19.07% of households rent, and 66.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hobson is $8,247 per month. Households that rent pay about 11.69% of their income on rent here. Hobson’s most expensive areas are in the northeastern 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
- Falls City, TX: equally priced homes
- Karnes City, TX: less expensive homes
- Pawelekville, TX: equally priced homes
- Ecleto, TX: less expensive homes
- Helena, TX: less expensive homes
- Poth, TX: higher priced homes
- Kenedy, TX: less expensive homes
- Fashing, TX: higher priced homes
- Gillett, TX: higher priced homes
- Dewees, TX: equally priced homes
Cities with Similar Populations
- Laketown, UT: higher priced homes
- South Heights, PA: less expensive homes
- Snydertown, PA: equally priced homes
- Smith Mills, NY: less expensive homes
- Slabtown, OH: less expensive homes
- Sissons Corner, VA: less expensive homes
- Siglerville, PA: less expensive homes
- Shungnak, AK: less expensive homes
- Sheridan, IA: equally priced homes
- Lebo, MO: equally priced homes
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