Our community offers affordable housing, and house prices here are some of the lowest in the Central Texas area. The median home price in Gatesville is approximately $80,000 compared to approximately $126,000 for the State of Texas. Our median rental price is approximately $550 per month.
While single family rental properties are very affordable, there is a shortage of upper end 1 – 4 family rentals available. At present time, there are some newer duplexes and four-plexes being built. Rental prices on these units are in the $800 - $1,100 per month range, based on size.
One of the best features our community has to offer is reasonably priced homes available for sale. It is not uncommon to be able to purchase new homes for $75.00 - $85.00 per square foot. Some of our older single family residences sell for $50.00 - $60.00 per square foot. A comparison of home sale prices in our area will reflect that homes can be built or purchased here $20.00 - $25.00 square foot less than in some of our adjoining counties. Our community has experienced an influx of out of town buyers purchasing upper end housing due to lower sales prices.