Cost of living in Lavon, TX — Housing, Rent & Index

The median home value in Lavon, TX is $347,660 as of 2026-04. That places Lavon near the US average for housing cost, with a cost index of approximately 98 versus a national baseline of 100.

Over the past 12 months, the median home value in Lavon has fallen 8.0%, and over the past five years it has averaged +1.7% annual growth. The current price sits -21.4% from its 5-year peak in 2022-07.

Renters pay a median of $2,416 per month in Lavon. Rents have changed -0.8% over the last year and averaged — per year over five years.

Beyond housing, day-to-day costs in Lavon are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.