Home Price Key
Affordable
Average
Expensive
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 $161,931, lower than the Texas average of $235,268.
The average cost of rent is $684/mo in Shannon, primarily driven by the current value of real estate in the Shannon area. While nearly 55.32% of residents own their homes outright in Shannon, 13.69% rent.
Housing affordability isn’t just about home prices, though. The average household income in Shannon is $6,609 per month. Households that rent pay about 10.35% of their income on rent here. Shannon's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Postoak, TX: equally priced homes
- Antelope, TX: equally priced homes
- Joy, TX: less expensive homes
- Markley, TX: equally priced homes
- Truce, TX: higher priced homes
- Vashti, TX: less expensive homes
- Windthorst, TX: less expensive homes
- Newport, TX: equally priced homes
- Fruitland, TX: higher priced homes
- Crafton, TX: less expensive homes
Cities with Similar Populations
- Elliott, MD: higher priced homes
- Wegatchie, NY: less expensive homes
- Weldon, MT: equally priced homes
- Wells, KY: less expensive homes
- Westminster, PA: less expensive homes
- Emory Gap, TN: less expensive homes
- Emerald Mountain, AL: higher priced homes
- Emeline, IA: less expensive homes
- Elmo, VA: less expensive homes
- Elm Grove, TX: equally priced homes
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