Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lorena area can be challenging. Home prices in Lorena are now at a median cost of $221,577, lower than the Texas average of $235,268.
The average cost of rent is $1,082/mo in Lorena, primarily driven by the current value of real estate in the Lorena area. While nearly 39.78% of residents own their homes outright in Lorena, 19.86% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lorena is $7,968 per month. Households that rent pay about 13.58% of their income on rent here. Lorena's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Hewitt, TX: equally priced homes
- Bruceville, TX: equally priced homes
- Woodway, TX: higher priced homes
- Robinson, TX: less expensive homes
- Bruceville-Eddy, TX: less expensive homes
- Beverly Hills, TX: less expensive homes
- McGregor, TX: higher priced homes
- Golinda, TX: less expensive homes
- North Prairie, TX: less expensive homes
- Mooreville, TX: less expensive homes
Cities with Similar Populations
- Spicewood, TX: higher priced homes
- Great Mills, MD: higher priced homes
- Greenville, IL: less expensive homes
- Greenville, RI: higher priced homes
- Somerville, AL: less expensive homes
- South Cleveland, TN: less expensive homes
- Southgate, FL: higher priced homes
- Southwick, MA: higher priced homes
- Spencer, IN: less expensive homes
- Grayling, MI: less expensive homes
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