Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Home area can be challenging. Home prices in New Home are now at a median cost of $165,372, lower than the Texas average of $235,268.
The average cost of rent is $854/mo in New Home, primarily driven by the current value of real estate in the New Home area. While nearly 55.22% of residents own their homes outright in New Home, 26.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Home is $4,665 per month. Households that rent pay about 18.31% of their income on rent here. New Home's most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Wilson, TX: higher priced homes
- Tahoka, TX: less expensive homes
- Slaton, TX: equally priced homes
- Ropesville, TX: less expensive homes
- Meadow, TX: less expensive homes
- Southland, TX: less expensive homes
- Kalgary, TX: less expensive homes
- Johnson, TX: less expensive homes
- Sundown, TX: less expensive homes
- Tokio, TX: less expensive homes
Cities with Similar Populations
- Currinsville, OR: higher priced homes
- Cottonwood, OK: less expensive homes
- Council, VA: less expensive homes
- Coxburg, MS: less expensive homes
- Crary Mills, NY: less expensive homes
- Creeksville, NC: less expensive homes
- Crestline, KS: less expensive homes
- Cromona, KY: less expensive homes
- Cromwell, IA: equally priced homes
- Cross Keys, SC: less expensive homes
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