The Most Affordable Neighborhoods in Mount Sylvan, TX by Home Value

 

Mount Sylvan, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Mount Sylvan area can be challenging. Home prices in Mount Sylvan are now at a median cost of $312,177, lower than the Texas average of $322,096.

The average cost of rent is $1,363/mo in Mount Sylvan, primarily driven by the current value of real estate in the Mount Sylvan area. In Mount Sylvan, 30.88% of households rent, and 49.18% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Mount Sylvan is $7,381 per month. Households that rent pay about 18.47% of their income on rent here. Mount Sylvan’s most expensive areas are in the western 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.


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