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These days, finding an affordable place to live in the Salado area can be challenging. Home prices in Salado are now at a median cost of $467,957, higher than the Texas average of $322,096.
The average cost of rent is $1,270/mo in Salado, primarily driven by the current value of real estate in the Salado area. In Salado, 12.33% of households rent, and 45.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Salado is $9,393 per month. Households that rent pay about 13.53% of their income on rent here. Salado’s most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dog Ridge, TX: less expensive homes
- Belton, TX: less expensive homes
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Cities with Similar Populations
- Woodbridge, CT: higher priced homes
- Lawrence, NY: higher priced homes
- Lawton, MI: less expensive homes
- Lebanon, IL: less expensive homes
- Lebanon, NJ: higher priced homes
- Ledyard, CT: less expensive homes
- Leechburg, PA: less expensive homes
- Wynantskill, NY: less expensive homes
- Woodstown, NJ: less expensive homes
- Woodlake, CA: less expensive homes
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