Blue Mound, Texas Real Estate & Housing Market

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Blue Mound Housing Information

Index	Blue Mound	Texas	National
Median home price	$83,300	$142,700	$184,700
Median rent asked	$1,091	$911	$949
Avg. people per household	3.7	2.8	2.6
Owner occupied households	79.9%	61.9%	63.6%
Renter occupied households	20.1%	38.1%	36.4%

Above, you will see a summary of real estate in Blue Mound, TX. On average, homes in Blue Mound, TX cost $83,300, a value that is 42% lower than the average in Texas. In general terms, this results in Blue Mound, TX real estate being more affordable than Texas real estate. On average, people who rent houses in Blue Mound, TX pay $1,091; this value is 20% higher than the average amount renters pay in Texas. 79.9% of Blue Mound, TX residents own their own homes and, on average, each of the homes has 3.7 occupants. Blue Mound, TX real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Blue Mound, TX is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Blue Mound Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Blue Mound, TX. To estimate home affordability, one method is to use the ratio of home price to median household income. The Blue Mound, TX’s median home price stands at $83,300 while $50,550 is the value of the average household income. The resulting home price to income ratio, which is 1.6x, differs from the Texas average as the ratio is 37% lower than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Blue Mound, TX are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Blue Mound, TX.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Pelican Bay, TX	1,739	$38,500	79%
Sansom Park, TX	4,819	$66,200	64%
White Settlement, TX	16,886	$73,700	60%
Forest Hill, TX	12,774	$78,300	58%
Newark, TX	1,192	$81,500	56%
Blue Mound, TX	3,263	$83,300	55%

Cities with similar population

City, State	Population	Home Price	National Avg.
Pistakee Highlands, IL	3,263	$139,300	25%
Horseshoe Bay, TX	3,264	$355,100	92%
Franklin, MI	3,262	$509,300	176%
Eden, NY	3,262	$161,900	12%
Okemah, OK	3,262	$65,800	64%
Blue Mound, TX	3,263	$83,300	55%

Source: The Blue Mound, TX housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).