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These days, finding an affordable place to live in the Panola area can be challenging. Home prices in Panola are now at a median cost of $115,897, lower than the Texas average of $322,096.
The average cost of rent is $1,434/mo in Panola, primarily driven by the current value of real estate in the Panola area. In Panola, 29.81% of households rent, and 89.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Panola is $7,535 per month. Households that rent pay about 19.04% of their income on rent here. Panola’s most expensive areas are in the central 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
- Riderville, TX: higher priced homes
- Carthage, TX: higher priced homes
- Grand Bluff, TX: higher priced homes
- Pleasant Ridge, TX: higher priced homes
- Holland Quarters, TX: less expensive homes
- Fair Play, TX: higher priced homes
- DeBerry, TX: higher priced homes
- Beckville, TX: higher priced homes
- Deadwood, TX: higher priced homes
- Delray, TX: less expensive homes
Cities with Similar Populations
- Seaville, KY: higher priced homes
- Lusk, TX: higher priced homes
- Lyme Center, NH: higher priced homes
- Macon, NE: equally priced homes
- Manannah, MN: higher priced homes
- Manes, MO: higher priced homes
- Maple Ridge, OH: higher priced homes
- Mapletown, NY: higher priced homes
- Salina, IA: higher priced homes
- Sand River, MI: higher priced homes
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