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Affordable
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These days, finding an affordable place to live in the Palo Pinto area can be challenging. Home prices in Palo Pinto are now at a median cost of $204,638, lower than the Texas average of $322,096.
The average cost of rent is $1,082/mo in Palo Pinto, primarily driven by the current value of real estate in the Palo Pinto area. In Palo Pinto, 2.05% of households rent, and 74.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Palo Pinto is $7,165 per month. Households that rent pay about 15.10% of their income on rent here. Palo Pinto’s most expensive areas are in the southern 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
- Lone Camp, TX: higher priced homes
- Santo, TX: higher priced homes
- Metcalf Gap, TX: higher priced homes
- Mineral Wells, TX: less expensive homes
- Sturdivant, TX: equally priced homes
- Salesville, TX: equally priced homes
- New Salem, TX: higher priced homes
- Strawn, TX: less expensive homes
- Cool, TX: higher priced homes
- Millsap, TX: higher priced homes
Cities with Similar Populations
- Emden, IL: less expensive homes
- Timber Lake, SD: less expensive homes
- Tecumseh, MO: less expensive homes
- Tallassee, TN: higher priced homes
- Summit, MO: less expensive homes
- Strawn, TX: less expensive homes
- Stratton, MS: less expensive homes
- Story, AR: equally priced homes
- Stockholm, WI: higher priced homes
- Stillwater, WA: higher priced homes
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