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These days, finding an affordable place to live in the Wakefield area can be challenging. Home prices in Wakefield are now at a median cost of $198,376, lower than the Texas average of $322,096.
The average cost of rent is $837/mo in Wakefield, primarily driven by the current value of real estate in the Wakefield area. In Wakefield, 18.61% of households rent, and 68.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wakefield is $6,163 per month. Households that rent pay about 13.59% of their income on rent here. Wakefield’s most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Shady Grove, TX: less expensive homes
- Diboll, TX: less expensive homes
- Pluck, TX: higher priced homes
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- Nigton, TX: less expensive homes
- Apple Springs, TX: less expensive homes
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Cities with Similar Populations
- Monmouth, KS: less expensive homes
- Melvin, TX: less expensive homes
- Merrillsville, NY: less expensive homes
- Merritt, MO: less expensive homes
- Mesa, CA: higher priced homes
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- Metasville, GA: less expensive homes
- Michaux, VA: higher priced homes
- Midvale Corner, WA: higher priced homes
- Midway, SD: higher priced homes
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