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Affordable
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These days, finding an affordable place to live in the Phelps area can be challenging. Home prices in Phelps are now at a median cost of $226,028, lower than the Texas average of $322,096.
The average cost of rent is $920/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. In Phelps, 13.10% of households rent, and 60.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $4,255 per month. Households that rent pay about 21.62% of their income on rent here. Phelps’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dodge, TX: less expensive homes
- Huntsville, TX: equally priced homes
- Oakhurst, TX: less expensive homes
- Pine Prairie, TX: equally priced homes
- Riverside, TX: equally priced homes
- Point Blank, TX: equally priced homes
- Stephen Creek, TX: less expensive homes
- Willow Springs, TX: higher priced homes
- Sebastopol, TX: less expensive homes
- San Jacinto, TX: equally priced homes
Cities with Similar Populations
- Barnardsville, NC: higher priced homes
- St. Elmo, IL: less expensive homes
- Toulon, IL: less expensive homes
- Urbanna, VA: higher priced homes
- Valley Park, OK: higher priced homes
- Village of the Branch, NY: higher priced homes
- Williams, IN: equally priced homes
- Duette, FL: higher priced homes
- Dubois, WY: higher priced homes
- Doolittle, MO: less expensive homes
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