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These days, finding an affordable place to live in the Rhea area can be challenging. Home prices in Rhea are now at a median cost of $239,997, lower than the Texas average of $322,096.
The average cost of rent is $1,113/mo in Rhea, primarily driven by the current value of real estate in the Rhea area. In Rhea, 28.50% of households rent, and 67.46% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rhea is $9,732 per month. Households that rent pay about 11.43% of their income on rent here. Rhea’s most expensive areas are in the northeastern 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.
Nearby Cities
- Friona, TX: less expensive homes
- Broadview, NM: higher priced homes
- Bellview, NM: higher priced homes
- Grady, NM: higher priced homes
- Westway, TX: higher priced homes
- Summerfield, TX: less expensive homes
- Hereford, TX: less expensive homes
- Dawn, TX: less expensive homes
- McAlister, NM: less expensive homes
- House, NM: less expensive homes
Cities with Similar Populations
- Norristown, GA: less expensive homes
- Redings Mill, MO: equally priced homes
- Readheimer, LA: less expensive homes
- Rare Metals, AZ: less expensive homes
- Norway, KS: less expensive homes
- North River, NY: equally priced homes
- North Prairie, TX: less expensive homes
- North Blendon, MI: higher priced homes
- North Bingen, AR: less expensive homes
- Renfroe, MS: less expensive homes
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