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These days, finding an affordable place to live in the Southlake area can be challenging. Home prices in Southlake are now at a median cost of $1,022,948, higher than the Texas average of $322,096.
The average cost of rent is $3,222/mo in Southlake, primarily driven by the current value of real estate in the Southlake area. In Southlake, 6.97% of households rent, and 37.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southlake is $19,795 per month. Households that rent pay about 16.28% of their income on rent here. Southlake’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Westlake, TX: equally priced homes
- Grapevine, TX: less expensive homes
- Colleyville, TX: less expensive homes
- Trophy Club, TX: less expensive homes
- Roanoke, TX: less expensive homes
- Keller, TX: less expensive homes
- North Richland Hills, TX: less expensive homes
- Bedford, TX: less expensive homes
- Flower Mound, TX: less expensive homes
- Watauga, TX: less expensive homes
Cities with Similar Populations
- Bel Air North, MD: less expensive homes
- Vineyard, CA: less expensive homes
- Van Buren, AR: less expensive homes
- Butte, MT: less expensive homes
- Burlingame, CA: higher priced homes
- Black Lick, OH: less expensive homes
- Belvidere, IL: less expensive homes
- Barstow, CA: less expensive homes
- Banning, CA: less expensive homes
- Baldwinsville, NY: less expensive homes
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