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These days, finding an affordable place to live in the Rio Hondo area can be challenging. Home prices in Rio Hondo are now at a median cost of $151,139, lower than the Texas average of $322,096.
The average cost of rent is $855/mo in Rio Hondo, primarily driven by the current value of real estate in the Rio Hondo area. In Rio Hondo, 21.28% of households rent, and 63.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Rio Hondo is $4,545 per month. Households that rent pay about 18.81% of their income on rent here. Rio Hondo’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arroyo Gardens, TX: higher priced homes
- Lozano, TX: less expensive homes
- Stuart Place, TX: less expensive homes
- San Benito, TX: less expensive homes
- Harlingen, TX: equally priced homes
- Combes, TX: less expensive homes
- Primera, TX: higher priced homes
- Palm Valley, TX: higher priced homes
- Bayview, TX: higher priced homes
- Rangerville, TX: less expensive homes
Cities with Similar Populations
- Appling, GA: higher priced homes
- North Westport, MA: higher priced homes
- North Bend, OH: higher priced homes
- North Liberty, IN: higher priced homes
- North Richmond, CA: higher priced homes
- North Salem, NY: higher priced homes
- North Sea, NY: higher priced homes
- North Stonington, CT: higher priced homes
- North Tazewell, VA: less expensive homes
- North Terre Haute, IN: equally priced homes
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