Expensive
Affordable
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These days, finding an affordable place to live in the Loraine area can be challenging. Home prices in Loraine are now at a median cost of $89,323, lower than the Texas average of $322,096.
The average cost of rent is $398/mo in Loraine, primarily driven by the current value of real estate in the Loraine area. In Loraine, 20.22% of households rent, and 78.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Loraine is $4,969 per month. Households that rent pay about 8.00% of their income on rent here. Loraine’s most expensive areas are in the western 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
- Colorado City, TX: equally priced homes
- Wastella, TX: higher priced homes
- Roscoe, TX: higher priced homes
- Westbrook, TX: equally priced homes
- Sweetwater, TX: higher priced homes
- Maryneal, TX: higher priced homes
- Nolan, TX: higher priced homes
- Coahoma, TX: higher priced homes
- Trent, TX: higher priced homes
- Sand Springs, TX: higher priced homes
Cities with Similar Populations
- Whipple, OH: higher priced homes
- Brimhall, NM: less expensive homes
- Brownlow, WV: higher priced homes
- Brownville, NY: higher priced homes
- Cades, SC: higher priced homes
- Campton, GA: higher priced homes
- Caspian, MI: equally priced homes
- Vida, OR: higher priced homes
- Waldron, MI: higher priced homes
- Wausa, NE: higher priced homes
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