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These days, finding an affordable place to live in the Laredo area can be challenging. Home prices in Laredo are now at a median cost of $195,402, lower than the Texas average of $322,096.
The average cost of rent is $1,183/mo in Laredo, primarily driven by the current value of real estate in the Laredo area. In Laredo, 35.74% of households rent, and 49.92% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Laredo is $5,651 per month. Households that rent pay about 20.94% of their income on rent here. Laredo’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pueblo Nuevo, TX: less expensive homes
- Ranchos Penitas West, TX: higher priced homes
- Mirando City, TX: less expensive homes
- Oilton, TX: less expensive homes
- Bruni, TX: less expensive homes
- Realitos, TX: less expensive homes
- Benavides, TX: less expensive homes
- Rios, TX: equally priced homes
- Palito Blanco, TX: equally priced homes
- Ben Bolt, TX: less expensive homes
Cities with Similar Populations
- Elizabeth, NJ: higher priced homes
- Edison, NJ: higher priced homes
- Edmond, OK: higher priced homes
- Eau Claire, WI: higher priced homes
- El Paso, TX: equally priced homes
- Durham, NC: higher priced homes
- Euless, TX: higher priced homes
- Elk Grove, CA: higher priced homes
- Elgin, IL: higher priced homes
- Ellicott City, MD: higher priced homes
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