Where are the Cheapest homes in Texas? - National Cash Offer

Where are the Cheapest homes in Texas?

 In Living Costs, Things To Know, Top 10

Texas is an excellent state suitable for every kind of person. The state has big sprawling cities, small towns, and amazing outdoor activities to indulge in during your free time. But, what makes Texas even more convenient is the fact that it has some of the most affordable places to live. The advantage of Houses in Dallas Texas, is that they do come with excellent facilities and features. However, prices tend to differ from one area to another. So, what communities offer cheap houses in Texas? That’s one question we plan to answer here today. Check out below some of these places where you can find affordable homes.

 

1. Vernon

Vernon is a city located in Northern Texas with a population of 10,685 people. It ranks number among the cheapest places to live in Texas and is number nine in its affordability especially when you compare the general income of people in that area. It is the 58th cheapest when it comes to rent compared to a person’s income.

If you are interested in ranch life, then Vernon might be an excellent option to consider. It boasts of having the biggest ranch in the State of Texas and also prides in having Tyson’s processing plant for bacon. Vernon has an average household income of $45,515, an average home value of $67,500, and an unemployment rate of 4.3%.

 

2. Pecos

Pecos is a desert town that features an affordable living cost. It is a small town with a population of 9,814 and is ranked second among the cheapest places to live in. It is the number one most affordable place to live in terms of a person’s income compared to the house price.

It is the 30th cheapest place to live in terms of rent compared to a person’s income. The average income per household in Pecos is $63,478, the average value of a home is $65,200, and the rate of unemployment is 6.9%. There are houses in El Paso and houses in Dallas Texas which are also cheap, but Pecos tops the list since it is a growing town and quite convenient.

 

3. Snyder

Snyder is located in the county of Central Scurry and has a population of 11,456. It ranks the 6th in affordability for people who wish to stay in Texas, which means you can find affordable homes in Snyder, whether for rent or buying. It is the 10th most affordable place in terms of a person’s income compared to the house price and the 40th cheapest place when we talk of rent compared to a person’s income.

Graduating in Snyder also provides an opportunity of having a chance at getting a great job. Snyder has an average household income of $56,585, an average home value of $103,752, and an unemployment rate of 5.2 percent. The average home value in Snyder is well below the average for houses in Dallas Texas which is approximately $223k.

 

4. Monahans

Monahans is a city located in the panhandle of Texas, and apart from being cheap, it also offers a lot of great features to its residents. Monahans has a population of 7,587 and ranks as the 4th most affordable place in terms of a person’s income compared to the house price. When it comes to the rent compared to a person’s income, Monahans ranks as the 54th cheapest place to live.

Monahans renown for it houses a state park known as the Monahans Sandhills. The Permian Basin has its center in this city, which means there are many fossils underneath Monahans. This city has an average household income of $68,125, an average home value of $88,200, and an unemployment rate of 7.4%. You will get to enjoy such amazing attractions in this town and the entertainment life is also absolutely exciting. This city will awaken all your emotions in a good way, and you get to have all this by purchasing your affordable house.

 

5. Diboll

The city of Diboll has a population of 5,308 situated in the Eastern Texas region. It is suitable for those interested in humid, hot weather as well as lumber. It is among the cheapest towns to live in with a low living cost. Diboll ranks number 4th among the cheapest places to live and is the 77th most affordable town to live, in terms of a person’s income compared to the house price.

House rent in Diboll is as low as $500/month. The average household income is $40,883, the average value of a home is $81,800, and the rate of unemployment is 14.6%. it is an amazing town to live in, especially considering its entertainment setup, whereby you get to enjoy your stay there. Home values in Diboll are far below houses in San Antonio and houses in Dallas Texas.

 

6. Kermit

Kermit is also another ideal place to find cheap houses in Texas. It is a small town with a population of 6,614 and ranks 18th among the cheapest places. It is the second most affordable place to live in terms of a person’s income compared to the house price, and the 114th cheapest in terms of rent compared to a person’s income. Experience a great Texas town with much to offer but without the kind of prices that you see for houses in Dallas Texas.

The town has an average household income of $55,000, an average home price of $62,000, and an unemployment rate of 4.5%. If you are looking to save on costs, then Kermit is an ideal destination to consider. This is a great city that you will not only get an affordable house, but you will also love the available social amenities. You will have fun in this city with all the available entertainment joints.

 

7. Alamo

Alamo is one of the most affordable cities in Texas, located in the Rio Grande Valley. It has a population of 19,591 and ranks at number 23 among the cheapest places to live in Texas. It is an ideal place to find cheap homes for renting or buying. In terms of a person’s income compared to the house price, Alamo ranks as the 39th most affordable place and the 52nd cheapest in terms of rent compared to a person’s income.

Alamo has an average household income of $39,275, an average home value of $70,600, and an unemployment rate of 8%. Houses for sale in Sherman TX are quite affordable, but home prices in Alamo are quite lower.

 

Conclusion

Texas is an ideal state, and it has a lot of great cities and towns that include convenient and affordable neighborhoods. Without a doubt, it won’t be hard for you to find a cheap home to rent or buy. Cities like Austin and Dallas are great but you don’t need to spend the price of houses in Dallas Texas or Austin to experience the best of the Lone Star State.

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