The article by Alison Bentley published on Redfin’s blog reviews 14 of the most affordable cities in Texas that have median home prices below the state average of $361,800.
The top 5 most affordable cities in Texas according to the Redfin data (July 31, 2023) in the article are:
- San Angelo, with a median home price of $65,000. This West Texas city of around 100,000 has a very low cost of living.
- Wichita Falls, located in northern Texas, has a median home price of $176,450, making it the second most affordable.
- Abilene, in central Texas, takes the #3 spot with median home values of $223,000.
- Lubbock, home to Texas Tech University, comes in as the fourth most affordable at $225,000 median price.
- Victoria, located between Houston and Corpus Christi, rounds out the top five with median prices of $228,000.
Other affordable cities on the list include:
- Baytown, median home price: $241,000
- Pasadena, median home price: $245,000
- Killeen, median home price: $250,000
- Bryan, median home price: $262,400
- Midland, median home price: $264,950
- Spring, median home price: $275,000
- Waco, median home price: $275,000
- Laredo, median home price: $275,000
- Odessa, median home price: $280,000
The data indicates smaller metro areas in Texas tend to offer more affordable housing compared to major cities. Proximity to larger job centers while maintaining a lower cost of living makes these smaller cities attractive places to live in the state.
Source: https://www.redfin.com/blog/affordable-places-to-live-in-texas/
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