States › Texas › Homestead Meadows North

Is Homestead Meadows North, TX expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$91048% lower than U.S. average
💵 Families earn per year (2026)$68,040about $5,670/month · 22% lower than U.S. average
🔑 House price$192,80042% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 37.3 minutes each way. Most homes (86.7%) are owned, so rentals can be hard to find.

How much money do I need?

To rent here comfortably, you should earn about $36,400 a year. That is $18 an hour at a full-time job.

Is rent cheaper than other Texas cities?

Yes. Rent here is cheaper than in most of Texas. It is number 35 of 426 cities from cheapest to most expensive.

Homestead Meadows North
$910
Windcrest
$1,444
Bowie
$1,136
Littlefield
$934
Aledo
$2,683
McGregor
$1,578
Slaton
$1,133

How much do households earn in Homestead Meadows North?

Under $25k
19.7%
$25k–50k
19.6%
$50k–100k
40.4%
$100k–150k
8.6%
$150k+
6.9%

Share of households by yearly income. 15.5% of households earn $100,000 or more.

How expensive is Homestead Meadows North overall?

Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).

Housing
97
Goods (food, clothes…)
98
Utilities
88
Other services
97
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Homestead Meadows North, so the Texas figure is shown.

Taxes and bills in Homestead Meadows North

🏛️ Property tax$2,053a year · 1.06% of home value · U.S. $3,119
⚡ Electric bill$145a month (typical) · U.S. $156

Life in Homestead Meadows North

Commute to work37.3 minU.S.: 26.4 min
College degree11.4%U.S.: 35.7%
Own their home86.7%U.S.: 65.2%
Below poverty line20.5%U.S.: 12.5%
Unemployment11.2%U.S.: 5.2%

Is it cheaper to rent or buy in Homestead Meadows North?

Renting is cheaper right now: about $428 a month less.

Renting
$910
Owning
$1,338

Owning assumes a typical $192,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,280 for the down payment.

Frequently asked questions

What is the average rent in Homestead Meadows North, TX?

Renting in Homestead Meadows North costs a median of about $910 a month in 2026, including utilities. The Texas median is $1,451.

How much do I need to make to live in Homestead Meadows North?

To keep rent under 30% of income, you need about $36,400 a year, or $18 an hour at a full-time job.

Is Homestead Meadows North cheap or expensive?

Homestead Meadows North is rated Cheap: rent takes 16.0% of the typical household income of $68,040. It ranks 35th cheapest of 426 Texas cities we track.

How much are property taxes in Homestead Meadows North?

The median homeowner in Homestead Meadows North pays $2,053 a year in property taxes, about 1.06% of the median home value.

Is Homestead Meadows North more expensive than the national average?

Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Homestead Meadows North?

The median home value in Homestead Meadows North is $192,800, about 2.8 times the typical yearly household income.

5,795 people live in Homestead Meadows North. Numbers are typical (middle) values.