Expensive
Affordable
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These days, finding an affordable place to live in the Shannon area can be challenging. Home prices in Shannon are now at a median cost of $280,531, lower than the Texas average of $322,096.
The average cost of rent is $881/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. In Shannon, 13.06% of households rent, and 57.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $9,990 per month. Households that rent pay about 8.82% of their income on rent here. Shannon’s most expensive areas are in the southern 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
- Postoak, TX: equally priced homes
- Antelope, TX: equally priced homes
- Joy, TX: less expensive homes
- Markley, TX: less expensive homes
- Truce, TX: higher priced homes
- Vashti, TX: less expensive homes
- Windthorst, TX: less expensive homes
- Newport, TX: equally priced homes
- Fruitland, TX: equally priced homes
- Crafton, TX: less expensive homes
Cities with Similar Populations
- Elliott, MD: higher priced homes
- Wegatchie, NY: less expensive homes
- Weldon, MT: less expensive homes
- Wells, KY: less expensive homes
- Westminster, PA: less expensive homes
- Emory Gap, TN: less expensive homes
- Emerald Mountain, AL: less expensive homes
- Emeline, IA: less expensive homes
- Elmo, VA: less expensive homes
- Elm Grove, TX: equally priced homes
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