Home Price Key
Affordable
Average
Expensive
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 $138,525, lower than the Texas average of $235,268.
The average cost of rent is $1,168/mo in Phelps, primarily driven by the current value of real estate in the Phelps area. While nearly 49.54% of residents own their homes outright in Phelps, 28.14% rent.
Housing affordability isn’t just about home prices, though. The average household income in Phelps is $4,648 per month. Households that rent pay about 25.13% of their income on rent here. Phelps's most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Dodge, TX: equally priced homes
- Huntsville, TX: higher priced homes
- Oakhurst, TX: less expensive homes
- Pine Prairie, TX: equally priced homes
- Riverside, TX: higher priced homes
- Point Blank, TX: equally priced homes
- Stephen Creek, TX: higher priced homes
- Willow Springs, TX: higher priced homes
- Sebastopol, TX: less expensive homes
- San Jacinto, TX: higher 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: equally priced homes
- Dubois, WY: higher priced homes
- Doolittle, MO: higher priced homes
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