Home prices
The median home in Galveston costs $182,800. It is roughly $58,940 (24%) lower compared to nearby areas.In comparison to the nation as a whole it is about $34,700 (15%) lower, and in comparison to the city of Houston it is roughly $11,000 (6%) higher.
Rents
The median monthly rent in Galveston is $991. It is roughly $274 (21%) lower compared to other places in this area.In comparison to the country as a whole it is roughly $71 (6%) lower, and compared to the city of Houston it is about $50 (4%) lower.
Nearby places
Jamaica Beach
Jamaica Beach is Galveston's neighbor to the southwest. The housing prices there are somewhat more expensive. The median home in Jamaica Beach costs $226,100, which is $43,300 (19%) higher than Galveston. Rent there is somewhat more expensive. In Jamaica Beach the median monthly rent is $1,231, which works out to $240 (19%) higher than Galveston.
Tiki Island
Tiki Island is about 4 miles north of Galveston. Its housing prices are a lot more expensive. The cost of the median home in Tiki Island is $478,300, which comes out to $295,500 (61%) higher than Galveston. Rent there is a little more expensive. In Tiki Island the median monthly rent is $1,444, which comes out to $453 (31%) higher than Galveston.
Bayou Vista
Bayou Vista is roughly 6 miles northwest of Galveston. Housing prices there are a lot more expensive. The median home value in Bayou Vista is $273,300, which is $90,500 (33%) higher than Galveston. The rent there is a lot more expensive. Bayou Vista's median monthly rent is $1,882, which works out to $891 (47%) higher than Galveston.
Hitchcock
Hitchcock is roughly 8 miles northwest from Galveston. The real estate prices there are substantially less expensive. The price of the median home in Hitchcock is $114,000, which comes out to $68,800 (60%) lower than Galveston. The rent there is a bit less expensive. The median monthly rent in Hitchcock is $870, which works out to $121 (13%) lower than Galveston.
La Marque
La Marque is roughly 10 miles northwest from Galveston. Housing prices there are substantially less expensive. La Marque's median home price is $117,000, which comes out to $65,800 (56%) lower than Galveston. The rent there is somewhat less expensive. La Marque's median rent is $899 a month, which works out to $92 (10%) lower than Galveston.
