Home Price Key
Affordable
Average
Expensive
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 $124,469, lower than the Texas average of $235,268.
The average cost of rent is $1,141/mo in Tool, primarily driven by the current value of real estate in the Tool area. While nearly 60.94% of residents own their homes outright in Tool, 17.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tool is $4,253 per month. Households that rent pay about 26.82% of their income on rent here. Tool's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
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: higher priced homes
- Trinidad, TX: higher priced homes
- Tolosa, TX: higher priced homes
- Kemp, TX: higher priced homes
- Caney City, TX: higher priced homes
Cities with Similar Populations
- Albion, NE: higher priced homes
- Woodbine, IA: higher priced homes
- Viper, KY: less expensive homes
- Talmo, GA: higher priced homes
- Deshler, OH: less expensive homes
- Davidsville, PA: higher priced homes
- Coleman, WI: higher priced homes
- Clear Brook, VA: higher priced homes
- Cedarville, AR: less expensive homes
- Calais, ME: less expensive homes
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