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These days, finding an affordable place to live in the Pancake area can be challenging. Home prices in Pancake are now at a median cost of $169,752, lower than the Texas average of $322,096.
The average cost of rent is $883/mo in Pancake, primarily driven by the current value of real estate in the Pancake area. In Pancake, 10.91% of households rent, and 65.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pancake is $4,787 per month. Households that rent pay about 18.44% of their income on rent here. Pancake’s most expensive areas are in the southeastern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jonesboro, TX: higher priced homes
- Whiteway, TX: less expensive homes
- Levita, TX: higher priced homes
- Turnersville, TX: higher priced homes
- Lanham, TX: equally priced homes
- Cranfills Gap, TX: higher priced homes
- Purmela, TX: higher priced homes
- Hamilton, TX: less expensive homes
- Mosheim, TX: higher priced homes
- Indian Gap, TX: higher priced homes
Cities with Similar Populations
- Rodeo, NM: equally priced homes
- Looking Glass, OR: higher priced homes
- Loomis, OH: higher priced homes
- Lopeno, TX: less expensive homes
- Lorenzo, NE: equally priced homes
- Lotts Creek, IA: less expensive homes
- Lovejoy, NC: higher priced homes
- Lower Belle, WV: less expensive homes
- Luxemburg, MN: higher priced homes
- Lydesdale, AR: less expensive homes
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