Cost of Living in Nolan County, Texas

$866/mo
Median Monthly Rent
$98,300
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$866/mo
10% below state average
Median Home Value
$98,300
65% below national
Rent-to-Income Ratio
28.0%
% 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 Nolan County Compares

Median monthly rent comparison

Nolan County$866/mo
Texas Average$963/mo
National Median$1,163/mo

Detailed Housing Stats

$866/mo
Median Gross Rent
$98,300
Median Home Value
$674/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Nolan County, Texas

Nolan County shows moderate affordability stress

Nolan County renters spend 20.7% of income on housing, exceeding the Texas average of 18.1% and indicating measurable affordability strain. The $50,160 median household income falls well below the national average, limiting financial flexibility for housing-cost shocks.

Above-average Texas housing burden

Nolan County's 20.7% rent-to-income ratio ranks above the state average, placing it among Texas's less affordable counties. The median home value of $98,300 offers accessible homeownership but with limited margin for household financial stress.

Nolan balanced between extremes

Nolan County's $866 median rent falls between Motley County ($725) and Navarro County ($1,039), while its $50,160 median income is the region's lowest. This combination produces a middle-range affordability challenge at 20.7%, better than Navarro/Newton but worse than Motley/Moore.

Nolan's housing-budget allocation

Renters dedicate $866 monthly while homeowners pay $674 against a $50,160 median household income. At just over one-fifth of income consumed by rent, Nolan households face real budgeting constraints and limited savings capacity.

Nolan County for calculated relocators

Nolan County's 20.7% rent-to-income ratio suggests affordability challenges; consider it primarily if relocating from a more expensive area or with clear employment prospects exceeding the county median. If you're currently spending 20% or less on housing, carefully evaluate whether a move here makes financial sense.

Affordability Calculator

See how your income compares to housing costs in Nolan County

$

Rent Burden

20.7%

of gross income

Max Housing (28% Rule)

$1,170

per month

Owner Cost Burden

16.1%

of gross income

You can likely afford the median home in Nolan County

Median home value is $98,300. Estimated monthly cost: $785 vs. your max of $1,170.

Rent Affordability Guide

Your rent-to-income ratio20.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Nolan County, Texas?
Nolan County, Texas has a median monthly rent of $866/mo and a median home value of $98,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Nolan County?
The median gross rent in Nolan County is $866/mo. This is 10% below state average for Texas.
Is Nolan County affordable?
Nolan County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Nolan County's rent compare to the state average?
Nolan County's median rent of $866/mo is 10% below state average of $963/mo for Texas.
What is the median home value in Nolan County?
The median home value in Nolan County, Texas is $98,300. This is 65% 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.