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These days, finding an affordable place to live in the Wharton area can be challenging. Home prices in Wharton are now at a median cost of $180,442, lower than the Texas average of $322,096.
The average cost of rent is $1,137/mo in Wharton, primarily driven by the current value of real estate in the Wharton area. In Wharton, 35.25% of households rent, and 56.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wharton is $5,282 per month. Households that rent pay about 21.53% of their income on rent here. Wharton’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dinsmore, TX: higher priced homes
- Mackay, TX: higher priced homes
- Sorrelle, TX: higher priced homes
- Hungerford, TX: higher priced homes
- Lane City, TX: higher priced homes
- Glen Flora, TX: higher priced homes
- Iago, TX: higher priced homes
- Boling, TX: higher priced homes
- Kendleton, TX: higher priced homes
- Pierce, TX: less expensive homes
Cities with Similar Populations
- Panthersville, GA: higher priced homes
- Newport East, RI: higher priced homes
- Newport, MI: higher priced homes
- Noble, OK: equally priced homes
- North Merrick, NY: higher priced homes
- Overlea, MD: higher priced homes
- Oxford, GA: higher priced homes
- Oxford, MA: higher priced homes
- Pacific, MO: higher priced homes
- Palmer Town, MA: higher priced homes
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