7 Texas Cities With Houses For Less Than $500k

Abstract

• Texas affords reasonably priced dwelling with common dwelling values beneath $500k in cities like Killeen, Amarillo, and Waco.
• Residents can reside comfortably, with lower than $50k annual earnings wanted in these cities, with comparatively low crime charges and loads of facilities.
• Take pleasure in vibrant communities, scenic points of interest, and various cultural experiences in these budget-friendly Texas cities with reasonably priced properties beneath $500,000.

The cost of living index in Texas is 94.2, which makes it 5.8% lower than the national median, and on common, residents need $42,800 to live comfortably in the state. Many individuals are relocating to the Lone Star State with reasonably priced housing being the highest cause for doing so. In response to Zillow, a typical home in Texas costs $298,624, which is decrease than the U.S. average of $347,716.

Whereas there are numerous affordable US cities to buy a home in, the state boasts many cities with the most affordable dwelling values. With a funds of beneath $500,000, you should buy a house in any of those stunning cities in Texas.

Every of those locations in Texas with dwelling costs decrease than $500,000 has been chosen based mostly on common dwelling values, sourced from Zillow.

7 Killeen

Common dwelling worth:$223,329

Killeen is a navy city with a inhabitants of 150,082, and among the many best places in Texas to retire for these on a funds, due to its low value of dwelling that’s 16.3% lower than the national average and 11.1% lower than Texas’ median.

Residents want about $31,200 annual income to live comfortably in this Texas city, which is lower than thrice the quantity one would must be comfy in a serious US metropolis, which is $96,500. A home value averaging $223,329 additionally implies that Killeen is likely one of the most reasonably priced Texas cities to reside in and purchase a house.

Positioned within the coronary heart of Bell County, Killeen additionally provides entry to a wide range of scenic points of interest, reminiscent of Stillhouse Hollow Lake and Belton Lake. There’s a wide range of out of doors actions to discover, together with biking, mountaineering, and {golfing}. There are many eating places, leisure venues, and quite a few artsy experiences.

Texas’ local weather may be extraordinarily variable, relying on the time of the yr. One factor to notice earlier than deciding to maneuver to Killeen is its steamy summers and chilly winters So, no, Texas does not have year-round scorching climate, and Killeen is proof of that.

6 Amarillo, Texas

Common dwelling worth: $194,790

Texas has many affordable places to live, and Amarillo, with an average cost of living that’s 26.4% lower than the U.S. median, is comparatively low cost. These planning to grow to be householders only need $194,790 on average to buy a house, with mortgage rates being 6.625% for a 30-year fixed, 6.017% for a 15-year fixed, and 7.779% for a 5-year ARM.

Other than reasonably priced housing, there are many causes to relocate to Amarillo. This can be a very vibrant metropolis with numerous scenic and enjoyable points of interest, together with Amarillo Zoo and Amarillo Botanical Gardens. It has an amazing restaurant scene, a various tradition, a gentle local weather, and a low commute time, which is 17.7 minutes, on average.

5 Waco, Texas

Common dwelling worth: $191,243

Waco is a mid-sized metropolis in Texas and an amazing place to reside for these in search of a laid-back ambiance. It is one of many many stunning but affordable alternatives to more expensive, bustling cities like Austin, and ensures an amazing expertise dwelling in America’s second-largest state.

Waco has a cost of living index of 83.4, which means it’s 16.6% lower than the U.S. median. The median home value in Waco is $191,243, with East Riverside being among the many most cost-effective neighborhoods, at an average home price of $99,918.

Positioned within the central a part of the Lone Star State, Waco has many things to do whereas dwelling there, together with exploring Magnolia Market, spending time at Cameron Park, and visiting the Mayborn Museum Complex. Waco also boasts multiple family-friendly attractions, reminiscent of The Interactive Dr. Pepper Museum and Waco Mammoth National Monument. It has loads of nice faculties, a thriving job market, a beautiful culinary scene, and several other leisure venues as properly.

4 Abilene, Texas

Common dwelling worth: $190,696

With an average home value of $190,696, Abilene is likely one of the cities in Texas with the most affordable housing markets. The general value of dwelling is 19.8% lower than the U.S. median and 14.9% more affordable than the Texas average.

The town is an ideal possibility for individuals in search of a quiet ambiance and a small-town really feel with easy accessibility to every thing they need. It has a family-friendly vibe with nice faculties and kid-friendly actions to discover.

Abilene can also be one of the culturally various cities in Texas and the locals are stated to be very pleasant and welcoming. There are a number of parks, and residents can go biking, mountaineering, and tenting. The town additionally has a thriving arts group with colourful galleries and theater performances.

3 Brownsville, Texas

Common dwelling worth: $180,139

The charming metropolis of Brownsville is likely one of the most reasonably priced cities to reside within the US and was ranked 11th in the U.S. News and World Report. The city has a cost of living 25.1% lower than the national average, and 20.5% lower than Texas’ median.

Home to 185,849 residents, the city ranks number one in the cost of goods and services. Brownsville can also be one of many cities in Texas to purchase a house for lower than $500,000. On common, housing costs $180,139 right here, with a median rate of 6.625% for a 30-year fixed mortgage.

Different issues that make Brownsville a pleasant place to reside embody its wealthy historical past; residents can get pleasure from strolling via town’s historic websites and monuments. The town can also be scenic and comes with loads of out of doors leisure alternatives. It additionally has an amazing leisure and nightlife scene with a number of bars and golf equipment.

2 Wichita Falls, Texas

Common dwelling worth: $160,882

Wichita Falls is likely one of the most stunning cities in Texas, well-known for its unforgettable adventures, together with mountaineering, biking, {golfing}, and extra. With a cost of living index of 76.3, Wichita Falls is among the many most cost-effective cities in Texas to reside in. Inexpensive housing is likely one of the most tasty issues about dwelling on this metropolis, and on average, it takes just $160,882 to realize the American dream of changing into a house owner right here.

Dwelling on this metropolis ensures neighborhood security, a wealthy historical past and tradition, and loads of job alternatives. It has a scrumptious eating scene, nice faculties, and high quality healthcare, due to the supply of a number of medical choices.

1 Beaumont

Common dwelling worth: $142,255

Beaumont is one other one of many many reasonably priced locations to reside in Texas, due to its cost of living index of 78 and comparatively low cost rental costs, which average at $879. A studio apartment in Beaumont goes for $609, while a two-bedroom is priced at $1,088 per month.

A median home value of just $142,255 means Beaumont is likely one of the cities in Texas with the most affordable properties. Happily, town’s housing market will not be too aggressive, which suggests changing into a house owner should not be an excessive amount of of a problem.

Located alongside the spectacular Gulf Coast of Texas, this stunning metropolis additionally comes with a vibrant downtown space the place residents can discover varied eating places, artwork galleries, and museums. It has a various tradition, a bustling nightlife scene, in addition to out of doors leisure alternatives, together with mountaineering trails and tenting.