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Affordable
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These days, finding an affordable place to live in the Tool area can be challenging. Home prices in Tool are now at a median cost of $197,653, lower than the Texas average of $322,096.
The average cost of rent is $1,374/mo in Tool, primarily driven by the current value of real estate in the Tool area. In Tool, 15.09% of households rent, and 59.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Tool is $5,877 per month. Households that rent pay about 23.38% of their income on rent here. Tool’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gun Barrel City, TX: higher priced homes
- Enchanted Oaks, TX: equally priced homes
- Payne Springs, TX: higher priced homes
- Mabank, TX: higher priced homes
- Pauline, TX: higher priced homes
- Seven Points, TX: equally priced homes
- Trinidad, TX: higher priced homes
- Tolosa, TX: less expensive homes
- Kemp, TX: less expensive homes
- Caney City, TX: higher priced homes
Cities with Similar Populations
- Albion, NE: higher priced homes
- Woodbine, IA: equally priced homes
- Viper, KY: less expensive homes
- Talmo, GA: higher priced homes
- Deshler, OH: less expensive homes
- Davidsville, PA: equally priced homes
- Coleman, WI: equally priced homes
- Clear Brook, VA: higher priced homes
- Cedarville, AR: less expensive homes
- Calais, ME: less expensive homes
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