Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Texas area can be challenging. Home prices in Texas are now at a median cost of $235,268, lower than the the United States average of $313,691.
The average cost of rent is $1,261/mo in Texas, primarily driven by the current value of real estate in the Texas area. While nearly 44.96% of residents own their homes outright in Texas, 35.34% rent.
Housing affordability isn’t just about home prices, though. The average household income in Texas is $6,532 per month. Households that rent pay about 19.30% of their income on rent here. Texas's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the state.
Nearby States
- Oklahoma: less expensive homes
- Louisiana: less expensive homes
- Arkansas: less expensive homes
- Kansas: less expensive homes
- Mississippi: less expensive homes
- New Mexico: less expensive homes
- Missouri: less expensive homes
- Alabama: less expensive homes
- Nebraska: less expensive homes
- Colorado: higher priced homes
States with Similar Populations
- South Carolina: equally priced homes
- Maryland: higher priced homes
- Massachusetts: higher priced homes
- Michigan: less expensive homes
- Minnesota: higher priced homes
- Mississippi: less expensive homes
- Ohio: less expensive homes
- Oklahoma: less expensive homes
- Oregon: higher priced homes
- Rhode Island: higher priced homes
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