7 Texas Cities With Houses For Less Than $500k

Abstract

• Texas affords inexpensive residing with common house values under $500k in cities like Killeen, Amarillo, and Waco.
• Residents can dwell comfortably, with lower than $50k annual revenue wanted in these cities, with comparatively low crime charges and loads of facilities.
• Take pleasure in vibrant communities, scenic sights, and various cultural experiences in these budget-friendly Texas cities with inexpensive properties underneath $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 inexpensive housing being the highest purpose for doing so. Based on 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 house values. With a finances of under $500,000, you should purchase a house in any of those lovely cities in Texas.

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

7 Killeen

Common house worth:$223,329

Killeen is a army city with a inhabitants of 150,082, and among the many best places in Texas to retire for these on a finances, because of its low price of residing 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 inexpensive Texas cities to dwell in and purchase a house.

Situated within the coronary heart of Bell County, Killeen additionally provides entry to quite a lot of scenic sights, resembling Stillhouse Hollow Lake and Belton Lake. There’s quite a lot of outside 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 could 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 would not have year-round sizzling climate, and Killeen is proof of that.

6 Amarillo, Texas

Common house 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 owners 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.

Aside from inexpensive housing, there are many causes to relocate to Amarillo. It is a very vibrant metropolis with a lot of scenic and enjoyable sights, together with Amarillo Zoo and Amarillo Botanical Gardens. It has an incredible restaurant scene, a various tradition, a light local weather, and a low commute time, which is 17.7 minutes, on average.

5 Waco, Texas

Common house worth: $191,243

Waco is a mid-sized metropolis in Texas and an incredible place to dwell for these on the lookout for a laid-back environment. It is one of many many lovely but affordable alternatives to more expensive, bustling cities like Austin, and ensures an incredible expertise residing 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.

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

4 Abilene, Texas

Common house 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 price of residing 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 folks on the lookout for a quiet environment and a small-town really feel with easy accessibility to every little 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 house worth: $180,139

The charming metropolis of Brownsville is likely one of the most inexpensive cities to dwell 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 dwell embody its wealthy historical past; residents can take pleasure in strolling via town’s historic websites and monuments. The town can also be scenic and comes with loads of outside leisure alternatives. It additionally has an incredible leisure and nightlife scene with a number of bars and golf equipment.

2 Wichita Falls, Texas

Common house worth: $160,882

Wichita Falls is likely one of the most lovely 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 dwell in. Reasonably priced housing is likely one of the most tasty issues about residing on this metropolis, and on average, it takes just $160,882 to attain the American dream of turning into a house owner right here.

Residing 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, because of the supply of a number of medical choices.

1 Beaumont

Common house worth: $142,255

Beaumont is one other one of many many inexpensive locations to dwell in Texas, because of 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 shouldn’t be too aggressive, which implies turning into a house owner should not be an excessive amount of of a trouble.

Located alongside the spectacular Gulf Coast of Texas, this lovely 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 outside leisure alternatives, together with mountaineering trails and tenting.