Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Spearman area can be challenging. Home prices in Spearman are now at a median cost of $101,214, lower than the Texas average of $235,268.
The average cost of rent is $740/mo in Spearman, primarily driven by the current value of real estate in the Spearman area. While nearly 67.08% of residents own their homes outright in Spearman, 25.67% rent.
Housing affordability isn’t just about home prices, though. The average household income in Spearman is $4,164 per month. Households that rent pay about 17.77% of their income on rent here. Spearman's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Waka, TX: higher priced homes
- Gruver, TX: higher priced homes
- Morse, TX: higher priced homes
- Sunray, TX: equally priced homes
- Cactus, TX: less expensive homes
- Lipscomb, TX: equally priced homes
- Higgins, TX: higher priced homes
- Shattuck, OK: less expensive homes
- Dalhart, TX: higher priced homes
- Arnett, OK: equally priced homes
Cities with Similar Populations
- Rocky Top, TN: higher priced homes
- Helena Valley Northeast, MT: higher priced homes
- Juneau, WI: higher priced homes
- Lake Crystal, MN: higher priced homes
- Lakeville, IN: higher priced homes
- Aldan, PA: higher priced homes
- New Hill, NC: higher priced homes
- Osage City, KS: higher priced homes
- Priceville, AL: higher priced homes
- Rio Dell, CA: higher priced homes
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