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These days, finding an affordable place to live in the Mustang area can be challenging. Home prices in Mustang are now at a median cost of $459,253, higher than the Texas average of $322,096.
The average cost of rent is $2,562/mo in Mustang, primarily driven by the current value of real estate in the Mustang area. In Mustang, 8.56% of households rent, and 25.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mustang is $11,971 per month. Households that rent pay about 21.40% of their income on rent here. Mustang’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.
Nearby Cities
- Lincoln Park, TX: equally priced homes
- Aubrey, TX: less expensive homes
- Krugerville, TX: less expensive homes
- Prosper, TX: higher priced homes
- Little Elm, TX: equally priced homes
- Cross Roads, TX: equally priced homes
- Celina, TX: higher priced homes
- Oak Point, TX: equally priced homes
- Pilot Point, TX: less expensive homes
- Parvin, TX: higher priced homes
Cities with Similar Populations
- Andover, CT: less expensive homes
- Trafford, AL: less expensive homes
- Tremont, IL: less expensive homes
- Millvale, PA: less expensive homes
- Waimanalo Beach, HI: higher priced homes
- Leipsic, OH: less expensive homes
- Lake Royale, NC: less expensive homes
- Johnson, VT: less expensive homes
- Ingram, PA: less expensive homes
- Howard Lake, MN: less expensive homes
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