The Most Affordable Neighborhoods in Mineral Wells, TX by Home Value

These days, finding an affordable place to live in the Mineral Wells area can be challenging. Home prices in Mineral Wells are now at a median cost of $171,023, lower than the Texas average of $322,096.

The average cost of rent is $1,270/mo in Mineral Wells, primarily driven by the current value of real estate in the Mineral Wells area. In Mineral Wells, 36.70% of households rent, and 61.02% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mineral Wells is $5,351 per month. Households that rent pay about 23.74% of their income on rent here. Mineral Wells’s most expensive areas are in the northwestern 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.

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