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These days, finding an affordable place to live in the Redwater area can be challenging. Home prices in Redwater are now at a median cost of $178,788, lower than the Texas average of $322,096.
The average cost of rent is $783/mo in Redwater, primarily driven by the current value of real estate in the Redwater area. In Redwater, 25.02% of households rent, and 50.09% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Redwater is $6,349 per month. Households that rent pay about 12.33% of their income on rent here. Redwater’s most expensive areas are in the eastern 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
- Maud, TX: less expensive homes
- Leary, TX: equally priced homes
- Corley, TX: higher priced homes
- Hooks, TX: less expensive homes
- Victory City, TX: higher priced homes
- Whaley, TX: higher priced homes
- Wake Village, TX: equally priced homes
- Nash, TX: less expensive homes
- Red Lick, TX: higher priced homes
- Old Boston, TX: higher priced homes
Cities with Similar Populations
- Floyd, TX: higher priced homes
- Stoudertown, OH: higher priced homes
- St. George, GA: less expensive homes
- Hiram, TX: higher priced homes
- Hampton, MN: higher priced homes
- Granville, WV: less expensive homes
- Freeman, MO: higher priced homes
- Foster, WV: less expensive homes
- Fort Johnson, NY: equally priced homes
- Stovall, NC: equally priced homes
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