Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rankin area can be challenging. Home prices in Rankin are now at a median cost of $94,900, lower than the Texas average of $235,268.
The average cost of rent is $375/mo in Rankin, primarily driven by the current value of real estate in the Rankin area. While nearly 60.94% of residents own their homes outright in Rankin, 26.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rankin is $5,136 per month. Households that rent pay about 7.30% of their income on rent here. Rankin's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- McCamey, TX: equally priced homes
- Crane, TX: higher priced homes
- Big Lake, TX: higher priced homes
- Texon, TX: higher priced homes
- Imperial, TX: less expensive homes
- Barnhart, TX: higher priced homes
- Grandfalls, TX: equally priced homes
- Mertzon, TX: higher priced homes
- Coyanosa, TX: less expensive homes
- Sherwood, TX: higher priced homes
Cities with Similar Populations
- Petersham, MA: higher priced homes
- Modoc, IN: higher priced homes
- Monterey, MA: higher priced homes
- Montrose, MS: equally priced homes
- Morley, MO: less expensive homes
- Morris Chapel, TN: higher priced homes
- Mount Holly, VT: higher priced homes
- New Galilee, PA: higher priced homes
- New Point, IN: higher priced homes
- Newent, CT: higher priced homes
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