The housing market in Laredo, TX is an attractive option for many looking to buy a home. The median value of homes in this city is $191,700, which is significantly lower than the US median house value of $338,100. In the past year, the appreciation rate for homes in Laredo has been 15.93%, which is substantially higher than the US average of 8.27%. This means that home values in Laredo have appreciated more quickly than other areas around the country. In addition to a relatively low cost of living and strong appreciation rates, Laredo also offers a variety of activities and entertainment choices for its residents.
The median home cost in Laredo is $191,700. Home appreciation the last 10 years has been 93.7%. Home Appreciation in Laredo is up 17.4%.
Average Age of Homes
- The median age of Laredo real estate is 25 years old
The Rental Market in Laredo
- Renters make up 35.2% of the Laredo population
- 3.3% of houses and apartments in Laredo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.