Home prices
The median home in Shallowater costs $148,900. This is about $54,940 (58%) higher compared to its nearby areas.In comparison to the country as a whole it is about $68,600 (31%) lower, and compared to the city of Lubbock is approximately $8,100 (5%) higher.
Rents
In Shallowater the median monthly rent is $922. Compared to nearby areas it is approximately $102 (12%) higher.It is about $140 (13%) lower compared to the United States as a whole, and compared to the city of Lubbock is about $33 (3%) lower.
Nearby places
New Deal
New Deal is approximately 8 miles northeast from Shallowater. The housing prices there are significantly less expensive. New Deal's median home price is $75,200, which comes out to $73,700 (98%) lower than Shallowater. Rent there is somewhat less expensive. In New Deal the median monthly rent is $725, which is $197 (27%) lower than Shallowater.
Smyer
Smyer is roughly 11 miles southwest of Shallowater. The housing prices there are substantially less expensive. Smyer's median home value is $75,500, which works out to $73,400 (97%) lower than Shallowater. The rent there is pretty similar. The median monthly rent in Smyer is $969, which comes out to $47 (4%) higher than Shallowater.
Anton
Anton is about 12 miles northwest of Shallowater. The real estate prices there are substantially less expensive. The median home in Anton costs $54,000, which works out to $94,900 (175%) lower than Shallowater. The rent there is significantly less expensive. Anton's median rent is $616 per month, which works out to $306 (49%) lower than Shallowater.
Wolfforth
Wolfforth is about 12 miles south from Shallowater. Real estate prices there are a bit more expensive. The median home value in Wolfforth is $184,200, which comes out to $35,300 (19%) higher than Shallowater. The rent there is a bit more expensive. Wolfforth's median rent is $1,104 a month, which comes out to $182 (16%) higher than Shallowater.
Abernathy
Abernathy is roughly 13 miles northeast from Shallowater. Housing prices there are substantially less expensive. The median home in Abernathy costs $80,900, which works out to $68,000 (84%) lower than Shallowater. Rents there are significantly less expensive. The median rent in Abernathy is $685 a month, which comes out to $237 (34%) lower than Shallowater.
