Much like nearby areas, it's a lot less expensive compared to the nation as a whole. Compared to the city of Dallas, it's substantially less expensive.
Home prices
The median home value in Gun Barrel City is $122,100. Compared to other places in this area it is approximately $3,700 (2%) lower.It is approximately $95,400 (43%) lower compared to the entire nation, and is about $66,000 (35%) lower in comparison to the city of Dallas.
Rents
In Gun Barrel City the median monthly rent is $709. In comparison to the surrounding areas it is approximately $216 (23%) lower.Compared to the US as a whole it is about $353 (33%) lower, and in comparison to the city of Dallas is roughly $343 (32%) lower.
Nearby places
Mabank
Mabank is Gun Barrel City's neighbor to the north. Its real estate prices are a bit less expensive. The median home in Mabank is valued at $108,600, which comes out to $13,500 (12%) lower than Gun Barrel City. Rents there are a little more expensive. The median rent in Mabank is $775 a month, which is $66 (8%) higher than Gun Barrel City.
Seven Points
Seven Points is Gun Barrel City's neighbor to the west. Housing prices there are a lot less expensive. The median home cost in Seven Points is $71,600, which comes out to $50,500 (70%) lower than Gun Barrel City. Its rents are fairly similar. Seven Points's median rent is $715 a month, which is very similar to Gun Barrel City.
Payne Springs
Payne Springs is about 3 miles southeast from Gun Barrel City. Real estate prices there are somewhat less expensive. The median home in Payne Springs costs $107,000, which works out to $15,100 (14%) lower than Gun Barrel City. The rent there is a bit more expensive. Payne Springs's median rent is $967 per month, which is $258 (26%) higher than Gun Barrel City.
Tool
Tool is about 4 miles southwest from Gun Barrel City. The real estate prices there are a little less expensive. The median home in Tool is valued at $104,300, which works out to $17,800 (17%) lower than Gun Barrel City. Rents there are a little more expensive. In Tool the median rent is $1,002 per month, which is $293 (29%) higher than Gun Barrel City.
Enchanted Oaks
Enchanted Oaks is approximately 4 miles south from Gun Barrel City. Housing prices there are a lot more expensive. The median home value in Enchanted Oaks is $237,500, which is $115,400 (48%) higher than Gun Barrel City. Its rents are a lot more expensive. The median monthly rent in Enchanted Oaks is $1,167, which is $458 (39%) higher than Gun Barrel City.
