The Most Affordable Neighborhoods in Thorp Spring, TX by Home Value

 

Thorp Spring, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Thorp Spring area can be challenging. Home prices in Thorp Spring are now at a median cost of $194,631, lower than the Texas average of $235,268.

The average cost of rent is $900/mo in Thorp Spring, primarily driven by the current value of real estate in the Thorp Spring area. While nearly 51.46% of residents own their homes outright in Thorp Spring, 12.39% rent.

Housing affordability isn’t just about home prices, though. The average household income in Thorp Spring is $5,369 per month. Households that rent pay about 16.76% of their income on rent here. Thorp Spring's most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.


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