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Affordable
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These days, finding an affordable place to live in the Olmito area can be challenging. Home prices in Olmito are now at a median cost of $223,372, lower than the Texas average of $322,096.
The average cost of rent is $1,415/mo in Olmito, primarily driven by the current value of real estate in the Olmito area. In Olmito, 17.44% of households rent, and 32.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olmito is $7,055 per month. Households that rent pay about 20.06% of their income on rent here. Olmito’s most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Rancho Viejo, TX: higher priced homes
- Villa Cavazos, TX: less expensive homes
- Indian Lake, TX: less expensive homes
- Villa Nueva, TX: less expensive homes
- Laureles, TX: less expensive homes
- Los Fresnos, TX: less expensive homes
- Brownsville, TX: less expensive homes
- La Paloma, TX: less expensive homes
- San Benito, TX: less expensive homes
- Landrum, TX: less expensive homes
Cities with Similar Populations
- Miramar Beach, FL: higher priced homes
- Medina, MN: higher priced homes
- Medina, NY: less expensive homes
- Medina, TN: higher priced homes
- Melrose, FL: equally priced homes
- Mendenhall, MS: less expensive homes
- Mendota, IL: less expensive homes
- Mentor-on-the-Lake, OH: less expensive homes
- Mercersburg, PA: higher priced homes
- Middleborough Center, MA: higher priced homes
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