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These days, finding an affordable place to live in the Pakan area can be challenging. Home prices in Pakan are now at a median cost of $88,228, lower than the Texas average of $322,096.
The average cost of rent is $743/mo in Pakan, primarily driven by the current value of real estate in the Pakan area. In Pakan, 33.60% of households rent, and 72.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pakan is $3,617 per month. Households that rent pay about 20.55% of their income on rent here. Pakan’s most expensive areas are in the central 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.
Nearby Cities
- Lela, TX: higher priced homes
- McLean, TX: equally priced homes
- Shamrock, TX: higher priced homes
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- Wheeler, TX: higher priced homes
- Alanreed, TX: higher priced homes
- Texola, TX: higher priced homes
- Lefors, TX: less expensive homes
- Jericho, TX: higher priced homes
- Sweetwater, OK: higher priced homes
Cities with Similar Populations
- Okaton, SD: higher priced homes
- Roberts, MS: higher priced homes
- Roberts, IA: higher priced homes
- Roberts, AL: higher priced homes
- Optimus, AR: higher priced homes
- Omaha, MO: higher priced homes
- Olowalu, HI: higher priced homes
- Olive, MD: higher priced homes
- Old Glory, TX: equally priced homes
- Robinson Corner, NH: higher priced homes
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