Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the McElroy area can be challenging. Home prices in McElroy are now at a median cost of $76,204, lower than the Texas average of $235,268.
The average cost of rent is $822/mo in McElroy, primarily driven by the current value of real estate in the McElroy area. While nearly 73.44% of residents own their homes outright in McElroy, 26.07% rent.
Housing affordability isn’t just about home prices, though. The average household income in McElroy is $3,112 per month. Households that rent pay about 26.43% of their income on rent here. McElroy's most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Pineland, TX: higher priced homes
- Bronson, TX: higher priced homes
- Broaddus, TX: higher priced homes
- Yellowpine, TX: higher priced homes
- Geneva, TX: higher priced homes
- Hemphill, TX: higher priced homes
- Zavalla, TX: equally priced homes
- Fairmount, TX: higher priced homes
- Sabinetown, TX: higher priced homes
- Etoile, TX: higher priced homes
Cities with Similar Populations
- Pierpont, MO: higher priced homes
- Ocoonita, VA: less expensive homes
- Old Appleton, MO: higher priced homes
- Old Lawton, TN: higher priced homes
- Old Union, AR: higher priced homes
- Olive Branch, GA: higher priced homes
- Olive, MT: higher priced homes
- Omega, IL: higher priced homes
- Omena, MI: higher priced homes
- Oppenheim, NY: higher priced homes
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