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Affordable
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These days, finding an affordable place to live in the Wake area can be challenging. Home prices in Wake are now at a median cost of $76,900, lower than the Texas average of $322,096.
The average cost of rent is $730/mo in Wake, primarily driven by the current value of real estate in the Wake area. In Wake, 15.79% of households rent, and 85.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wake is $4,825 per month. Households that rent pay about 15.13% of their income on rent here. Wake’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mcadoo, TX: equally priced homes
- Glenn, TX: equally priced homes
- Afton, TX: equally priced homes
- Mount Blanco, TX: higher priced homes
- Dickens, TX: equally priced homes
- East Afton, TX: equally priced homes
- Crosbyton, TX: less expensive homes
- Croton, TX: equally priced homes
- Cone, TX: higher priced homes
- Ralls, TX: equally priced homes
Cities with Similar Populations
- Rumford, SD: higher priced homes
- Mayberry, IL: higher priced homes
- Mayna, LA: higher priced homes
- Adeline, IL: higher priced homes
- Mc Intosh, ND: equally priced homes
- McCartys Village, NM: equally priced homes
- McConnell AFB, KS: higher priced homes
- McLellan, FL: higher priced homes
- Millers Bluff, AR: higher priced homes
- Milo, KS: higher priced homes
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