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Lorena, TX

Full City Profile · Texas · McLennan County County

3.6 /5.0
B+ Good
1,506 Population 391/sq mi density
$87,337 Median Income $37,122 per capita
$263,600 Home Value $338,669 Zillow
$1,352 Median Rent 31.7% income on rent
65°F Avg Temperature 303 sunny days/yr
619 Violent Crime/100K 1,802 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$87,337 median income, 0.7% unemployment
A+
Affordability
5.0 / 5.0
$263,600 home value, $1,352/mo rent
F
Safety
1.0 / 5.0
619 violent crimes/100K (63% above avg)
B+
Education
3.8 / 5.0
35.4% bachelor's degree or higher

Housing Overview

Median Home Value
$263,600
6% below
US avg: $281,900
Median Rent
$1,352/mo
16% above
US avg: $1,163/mo
Homeownership Rate
77.1%
18% above US avg (65.4%)
Total Housing Units
636
Median year built: 1984

Home Value by Source

Census Median
$263,600
Zillow (ZHVI)
$338,669
Median Sale Price
$315,000
Median List Price
$347,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

77.1%
Owner-Occupied
22.9%
Renter-Occupied
77%
23%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent: $1,352/mo · Zillow rent: $2,200/mo

Market Indicators (Redfin)

Median Days on Market
3 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$197
Active Inventory
12
homes for sale

Affordability & Housing Stock

Rent Burden
31.7%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
77.1%

Complete Housing Data

Home Values

Census Median Value$263,600
Zillow Home Value (ZHVI)$338,669
Median Sale Price$315,000
Median List Price$347,500
Price Per Sq Ft$197

Rent

Census Median Rent$1,352
Zillow Rent (ZORI)$2,200
FMR Studio$887
FMR 1-Bedroom$935
FMR 2-Bedroom$1,149
FMR 3-Bedroom$1,497
FMR 4-Bedroom$1,733

Market

Days on Market3
Sale-to-List Ratio1.0%
Price Drops25.0%
Homes Sold1
Active Inventory12
Price Per Sq Ft$197

Ownership & Stock

Owner-Occupied77.1%
Renter-Occupied22.9%
Homeownership Rate77.1%
Total Housing Units636
Median Year Built1984
Rent Burden31.7%