Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wellman area can be challenging. Home prices in Wellman are now at a median cost of $113,228, lower than the Texas average of $235,268.
The average cost of rent is $706/mo in Wellman, primarily driven by the current value of real estate in the Wellman area. While nearly 47.02% of residents own their homes outright in Wellman, 25.18% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wellman is $6,040 per month. Households that rent pay about 11.69% of their income on rent here. Wellman's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Foster, TX: equally priced homes
- Gomez, TX: less expensive homes
- Brownfield, TX: less expensive homes
- Welch, TX: higher priced homes
- New Moore, TX: less expensive homes
- Denver City, TX: higher priced homes
- Plains, TX: less expensive homes
- O'Donnell, TX: less expensive homes
- Prairieview, NM: higher priced homes
- Hillburn City, NM: higher priced homes
Cities with Similar Populations
- Wirth, AR: less expensive homes
- Westboro, MO: less expensive homes
- Jones Springs, WV: higher priced homes
- Westport, LA: less expensive homes
- Jesse, WV: less expensive homes
- Wheeler, KS: equally priced homes
- Whitcomb, WI: higher priced homes
- White Acres, TN: higher priced homes
- Whiteface, NY: higher priced homes
- Inman, NE: higher priced homes
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