The Cheapest Places To Buy Real Estate In Texas

This article is a list of the 5 locations in Texas where property is the most affordable.

Progreso

Progreso is the most affordable place to live in Texas. This small town, home to less than 6,000 people, is right on the banks of the Rio Grande and Progreso Lake. It has a rich Hispanic history that the townsfolk are eager to share, as well as a high economic growth rate. This would be a good city for those looking to start a business, as the property value is low, yet the growth in both population and business opportunity is high.

The median home value is just slightly above $50,000, making this the cheapest place to live in Texas. This town also sports very pleasant winters, though summers may be mildly uncomfortable. The low educational level and high crime rate are what bring the cost of living down in this town.

Pecos

Pecos follows behind at a close second. Lying just south of the New Mexico border, this town features cheap houses, sprawling desert fields, and even the Texas Rodeo Hall of Fame.

According to Forbes, this city is the second fastest-growing small town in the entire country. It was apparently the site of the very first rodeo in the entire world in 1883. Winters in this town can get very cold, while summers are still unpleasantly hot. The median home value is $65,000.

Lamesa

Third on the list is Lamesa. With a median home value of roughly $69,000, this town is known for being the birthplace of chicken-fried steak (a claim which was later proven fictional), and for its yearly chicken-fried steak cook off event. It also hosts the Dal Paso museum, which features an array of local arts, culture, and history, located inside a local old hotel. The economy hinges upon cotton farming, and it is relatively close to a prison system.

Breckinridge

Following this is Breckinridge. This town of roughly 6,000 people is surrounded by three lakes: Hubbard Creek Lake, Lake Daniel, and Possum Kingdom Lake. This city is known for sporting some of the best hunting in the entire state, and you can find game such as white-tailed deer, quail, dove, wild turkey, feral hogs, and squirrels R some of them year-round. The residents report experiencing a high quality of life, with great business opportunities as well as opportunities for furthering one’s education. People will typically spend roughly $75-80,000 on a home here. The members of Breckinridge are primarily young R the median age is 33 R and also vastly Republican.

Diboll

Finally, Diboll, , is the fifth most affordable city to live in in Texas. Located near Davy Crockett National Forest, Diboll is known for its lumber industry and excellent Mexican restaurants. The town features weather similar to the rest of the others: hot, humid summers, and mild, pleasant winters. Although the employment rate has been declining recently (prior to COVID-19), the cost of a typical home still sits at about $80-90,000.

The closest major city to Diboll is Houston, which is 109 miles away. This distance likely contributes to its low-valued homes and lack of job opportunity.