The Most Affordable Neighborhoods in Pelican Bay, TX by Home Value

 

Pelican Bay, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Pelican Bay area can be challenging. Home prices in Pelican Bay are now at a median cost of $219,909, lower than the Texas average of $322,096.

The average cost of rent is $1,372/mo in Pelican Bay, primarily driven by the current value of real estate in the Pelican Bay area. In Pelican Bay, 30.09% of households rent, and 48.47% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Pelican Bay is $6,718 per month. Households that rent pay about 20.43% of their income on rent here. Pelican Bay’s most expensive areas are in the northwestern 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.


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