Cost of Living in Lynn County, Texas

$933/mo
Median Monthly Rent
$130,800
Median Home Value
3% below state averageUnaffordable

At a Glance

Median Monthly Rent
$933/mo
3% below state average
Median Home Value
$130,800
54% below national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Lynn County Compares

Median monthly rent comparison

Lynn County$933/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$933/mo
Median Gross Rent
$130,800
Median Home Value
$698/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Lynn County, Texas

Lynn's rents run slightly above national norms

Lynn County renters spend 19.5% of household income on housing, exceeding national averages and indicating moderate affordability pressure. At $933/month rent paired with a $57,411 median household income, Lynn residents face noticeably tighter housing budgets than typical Americans.

Above Texas average but not extreme

Lynn's 19.5% rent-to-income ratio exceeds Texas's 18.1% state average, placing it among less affordable state counties though not among the extremes. Rents run $30 above the Texas median, reflecting moderate demand pressure in a region with lower-than-average incomes.

Middle-of-the-pack affordability challenge

Lynn's 19.5% ratio sits between affordability leaders Lipscomb (13.6%) and Limestone (17.2%), and alongside Liberty (19.2%), while beating pressured counties Live Oak (21.1%) and Lubbock (21.5%). Lynn represents the regional middle ground on housing stress.

Homeownership offers modest monthly savings

Lynn homeowners with median home value of $130,800 pay $698/month, saving $235 monthly compared to renters ($933/month). Ownership consumes about 14.6% of household income versus 19.5% for renters, making the mortgage path measurably more affordable.

Lynn suits homebuyers on tight budgets

If you're ready to buy and seeking modest home values with meaningful monthly savings, Lynn County delivers solid value relative to its peer group. Budget-conscious homebuyers will find their dollars stretch here better than renting, though renters should carefully weigh monthly costs against their income.

Affordability Calculator

See how your income compares to housing costs in Lynn County

$

Rent Burden

19.5%

of gross income

Max Housing (28% Rule)

$1,340

per month

Owner Cost Burden

14.6%

of gross income

You can likely afford the median home in Lynn County

Median home value is $130,800. Estimated monthly cost: $1,044 vs. your max of $1,340.

Rent Affordability Guide

Your rent-to-income ratio19.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Lynn County, Texas?
Lynn County, Texas has a median monthly rent of $933/mo and a median home value of $130,800. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Lynn County?
The median gross rent in Lynn County is $933/mo. This is 3% below state average for Texas.
Is Lynn County affordable?
Lynn County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Lynn County's rent compare to the state average?
Lynn County's median rent of $933/mo is 3% below state average of $963/mo for Texas.
What is the median home value in Lynn County?
The median home value in Lynn County, Texas is $130,800. This is 54% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.