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Affordable
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These days, finding an affordable place to live in the Lobo area can be challenging. Home prices in Lobo are now at a median cost of $115,957, lower than the Texas average of $322,096.
The average cost of rent is $1,121/mo in Lobo, primarily driven by the current value of real estate in the Lobo area. In Lobo, 14.35% of households rent, and 78.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lobo is $3,871 per month. Households that rent pay about 28.95% of their income on rent here. Lobo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Fort Davis, TX: higher priced homes
- Fort Stockton, TX: higher priced homes
- Girvin, TX: equally priced homes
- Bakersfield, TX: equally priced homes
- Sheffield, TX: higher priced homes
- Ozona, TX: higher priced homes
- Eldorado, TX: higher priced homes
- Fort Mc Kavett, TX: higher priced homes
- London, TX: higher priced homes
- Hext, TX: higher priced homes
Cities with Similar Populations
- Scrub Ridge, OH: higher priced homes
- Sandhill, TX: higher priced homes
- Sansarc, SD: higher priced homes
- Sarles, ND: less expensive homes
- Savery, WY: higher priced homes
- Schaal, AR: less expensive homes
- Scholls, OR: higher priced homes
- Schrader, OH: higher priced homes
- Schuchk, AZ: less expensive homes
- Scioto Mills, IL: higher priced homes
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