Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Kermit area can be challenging. Home prices in Kermit are now at a median cost of $131,519, lower than the Texas average of $235,268.
The average cost of rent is $881/mo in Kermit, primarily driven by the current value of real estate in the Kermit area. While nearly 76.96% of residents own their homes outright in Kermit, 13.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Kermit is $6,300 per month. Households that rent pay about 13.98% of their income on rent here. Kermit's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Wink, TX: equally priced homes
- Notrees, TX: higher priced homes
- Mentone, TX: higher priced homes
- Goldsmith, TX: less expensive homes
- West Odessa, TX: less expensive homes
- Odessa, TX: higher priced homes
- Gardendale, TX: higher priced homes
- Red Bluff, TX: less expensive homes
- Garden City, TX: higher priced homes
- Salt Flat, TX: less expensive homes
Cities with Similar Populations
- Bayamon Gardens, PR: higher priced homes
- Youngstown, FL: higher priced homes
- Albertson, NY: higher priced homes
- Oconto, WI: equally priced homes
- Ormond-by-the-Sea, FL: higher priced homes
- Orangeburg, NY: higher priced homes
- Orange, MA: higher priced homes
- Orange Home, FL: higher priced homes
- Orange City, IA: higher priced homes
- Oneida, TN: less expensive homes
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