Much like the surrounding areas, it's a little less expensive compared to the rest of the nation. However compared to the city of Austin, it's substantially less expensive.
Home prices
The median home in Lorena is valued at $161,900. It is about $3,860 (2%) higher in comparison to its surrounding areas.Compared to the rest of the country it is roughly $55,600 (25%) lower, and is approximately $175,500 (52%) lower compared to the city of Austin.
Rents
The median rent in Lorena is $832 a month. Compared to nearby areas it is about $339 (28%) lower.It is approximately $230 (21%) lower in comparison to the entire nation, and compared to the city of Austin is about $448 (35%) lower.
Nearby places
Hewitt
Hewitt is about 5 miles north of Lorena. The housing prices there are similar. The median home value in Hewitt is $167,500, which works out to $5,600 (3%) higher than Lorena. The rent there is somewhat more expensive. The median monthly rent in Hewitt is $1,155, which works out to $323 (27%) higher than Lorena.
Bruceville-Eddy
Bruceville-Eddy is roughly 5 miles south of Lorena. Real estate prices there are significantly less expensive. The median home price in Bruceville-Eddy is $99,900, which works out to $62,000 (62%) lower than Lorena. Rent there is a little more expensive. The median rent in Bruceville-Eddy is $937 per month, which works out to $105 (11%) higher than Lorena.
Robinson
Robinson is about 7 miles northeast of Lorena. The housing prices there are pretty similar. The cost of the median home in Robinson is $165,300, which comes out to $3,400 (2%) higher than Lorena. Rents there are a lot more expensive. In Robinson the median rent is $1,244 per month, which is $412 (33%) higher than Lorena.
Golinda
Golinda is about 7 miles east of Lorena. Its real estate prices are somewhat less expensive. The median home in Golinda is valued at $141,300, which is $20,600 (14%) lower than Lorena. Rents there are a little more expensive. Golinda's median rent is $1,125 a month, which is $293 (26%) higher than Lorena.
Woodway
Woodway is approximately 8 miles north of Lorena. The real estate prices there are a bit more expensive. The median home in Woodway is valued at $216,200, which works out to $54,300 (25%) higher than Lorena. Its rents are substantially more expensive. In Woodway the median rent is $1,393 per month, which works out to $561 (40%) higher than Lorena.
