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These days, finding an affordable place to live in the South Plains area can be challenging. Home prices in South Plains are now at a median cost of $153,619, lower than the Texas average of $322,096.
The average cost of rent is $551/mo in South Plains, primarily driven by the current value of real estate in the South Plains area. In South Plains, 24.28% of households rent, and 89.51% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Plains is $7,632 per month. Households that rent pay about 7.22% of their income on rent here. South Plains’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Muncy, TX: equally priced homes
- Sterley, TX: equally priced homes
- Lockney, TX: less expensive homes
- Flomot, TX: less expensive homes
- Quitaque, TX: less expensive homes
- Whiteflat, TX: less expensive homes
- Seth Ward, TX: higher priced homes
- Turkey, TX: less expensive homes
- Plainview, TX: less expensive homes
- Kress, TX: less expensive homes
Cities with Similar Populations
- Oxford, WV: equally priced homes
- Pine, PA: higher priced homes
- Paradise Hill, NV: higher priced homes
- Pansy, PA: equally priced homes
- Pandale, TX: higher priced homes
- Palermo, IL: less expensive homes
- Painton, MO: less expensive homes
- Pahrump, CA: less expensive homes
- Ozark, MI: equally priced homes
- Piper, IA: less expensive homes
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