The housing market in Pharr, TX is thriving. The median value for homes in the area is $150,500, significantly lower than the US median value of $338,100. In the last year, appreciation in the area has been even more impressive - a 14.13% increase versus a US average of 8.27%. This suggests that now might be an excellent time to invest in real estate in Pharr.
The median home cost in Pharr is $150,500. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Pharr is up 23.4%.
Average Age of Homes
- The median age of Pharr real estate is 20 years old
The Rental Market in Pharr
- Renters make up 34.5% of the Pharr population
- 3.5% of houses and apartments in Pharr, 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.