Much like its surrounding areas, it's significantly less expensive compared to the US as a whole. It is substantially less expensive compared to the city of Midland.
Home prices
Big Lake's median home value is $94,100. This is about $2,720 (2%) higher compared to the surrounding areas.Compared to the rest of the nation it is approximately $123,400 (56%) lower, and compared to the city of Midland it is about $125,400 (57%) lower.
Rents
The median rent in Big Lake is $885 per month. Compared to the surrounding areas this is approximately $142 (19%) higher.Compared to the entire country it is roughly $177 (16%) lower, and it is roughly $377 (29%) lower in comparison to the city of Midland.
Nearby places
Rankin
Rankin is roughly 25 miles west of Big Lake. Housing prices there are substantially less expensive. The median home cost in Rankin is $66,500, which is $27,600 (41%) lower than Big Lake. Rents there are significantly less expensive. Rankin's median rent is $561 a month, which comes out to $324 (57%) lower than Big Lake.
Iraan
Iraan is roughly 31 miles southwest from Big Lake. Housing prices there are a bit more expensive. The median home in Iraan is valued at $111,500, which works out to $17,400 (15%) higher than Big Lake. Rents there are a bit less expensive. The median monthly rent in Iraan is $771, which comes out to $114 (14%) lower than Big Lake.
Mertzon
Mertzon is roughly 33 miles east of Big Lake. Housing prices there are a little more expensive. The median home in Mertzon is valued at $110,000, which comes out to $15,900 (14%) higher than Big Lake. Rents there are a bit more expensive. The median monthly rent in Mertzon is $1,053, which comes out to $168 (15%) higher than Big Lake.
Ozona
Ozona is about 39 miles south of Big Lake. Its housing prices are somewhat more expensive. The median home in Ozona is valued at $105,600, which comes out to $11,500 (10%) higher than Big Lake. Rents there are a lot less expensive. The median rent in Ozona is $554 a month, which is $331 (59%) lower than Big Lake.
McCamey
McCamey is approximately 40 miles west of Big Lake. The real estate prices there are a lot less expensive. The median home in McCamey is valued at $63,300, which comes out to $30,800 (48%) lower than Big Lake. The rent there is a little less expensive. In McCamey the median rent is $775 a month, which is $110 (14%) lower than Big Lake.
