salaryRent is lower than in 80% of U.S. cities. A typical house costs about 3.3 years of household income. Commutes are long, about 31.8 minutes each way.
How much money do I need?
To rent here comfortably, you should earn about $45,360 a year. That is $22 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 109 of 426 cities from cheapest to most expensive.
How much do households earn in Homestead Meadows South?
Share of households by yearly income. 17.9% of households earn $100,000 or more.
Rent by apartment size in Homestead Meadows South
| Size | Homestead Meadows South | U.S. average |
|---|---|---|
| 2 bedrooms | $919 | $1,509 |
| 3 bedrooms | $958 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Homestead Meadows South overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Homestead Meadows South, so the Texas figure is shown.
Taxes and bills in Homestead Meadows South
Life in Homestead Meadows South
Is it cheaper to rent or buy in Homestead Meadows South?
Renting is cheaper right now: about $70 a month less.
Owning assumes a typical $173,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $17,350 for the down payment.
Frequently asked questions
What is the average rent in Homestead Meadows South, TX?
Renting in Homestead Meadows South costs a median of about $1,134 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in Homestead Meadows South?
To keep rent under 30% of income, you need about $45,360 a year, or $22 an hour at a full-time job.
Is Homestead Meadows South cheap or expensive?
Homestead Meadows South is rated OK: rent takes 25.6% of the typical household income of $53,199. It ranks 109th cheapest of 426 Texas cities we track.
How much are property taxes in Homestead Meadows South?
The median homeowner in Homestead Meadows South pays $2,131 a year in property taxes, about 1.23% of the median home value.
Is Homestead Meadows South 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 South?
The median home value in Homestead Meadows South is $173,500, about 3.3 times the typical yearly household income.
6,660 people live in Homestead Meadows South. Numbers are typical (middle) values.