Brownsville, TX Land for Sale & Real Estate | realtor.com® (2024)

FAQs

Is real estate cheap in Texas? ›

When it comes to the cost of living, Texas tends to be more reasonably priced than most other areas in the country. On average, it's about 6–8 percent lower than what you would find nationally. This makes housing and groceries a lot cheaper compared with other regions around America.

There are a lot of perks that come with living in Brownsville; a low cost of living, and a relaxed pace of life while enjoying great amenities, no income tax, great schools, and affordable medical services.

The median sale price of a home in Texas was $354,800 in June, according to the real estate brokerage, down 0.94 percent year-over-year. It is the first drop since prices started climbing back in the state in October 2023, and it goes against the national trend.

In “Best Places to Live” among the 150 U.S. metro areas evaluated, Brownsville landed in the 134th spot, though in the “Cheapest Places to Live” category the city took 15th place. McAllen also scored highest in “value,” with a rating of 7.5, and second highest in “quality of life” with 6.3.

This city, renowned for its subtropical climate and proximity to the picturesque South Padre Island, is brimming with opportunities that cater to a spectrum of investors and homeowners. To optimize your real estate investment opportunities in Brownsville, TX, exploring the city's captivating neighborhoods is a must.

According to C2ER (the Council for Community and Economic Research), the cost of living in Brownsville is estimated to be 75.9% of the national average making it one of the least expensive cities in the US.

The cost of living in Texas is 7% lower than the national average. Housing is 17% lower than the national average, while utilities are 3% higher. When it comes to basic necessities such as food and clothing, groceries are around 4% lower than in the rest of the country, while clothing costs 4% lower.

Cost of Living in Florida vs Texas

Florida offers some of the best living costs in the country but Texas is still the winner with a cost of living index that is actually lower than the nation average. The median listing price of a house in Texas is also $274,500 compared to $300,00 in Florida.

Compared to other states with similar economic and population growth, Texas real estate remains relatively affordable. This affordability makes Texas an attractive market for both first-time homebuyers and real estate investors.

Is Texas a good state for real estate? ›

Benefits of investing in Texas

Texas is landlord-friendly. The state has a high demand for rental properties because of the state's steady population growth. Texas offers a thriving economy and job diversity that result in reliable rental income. Housing prices are affordable.