The housing market in Laredo, TX Metro Area is a great place to invest. The median value of homes in this area is $194,800, which is considerably lower than the US median value of $338,100. This offers potential home buyers an opportunity to purchase a home at a discounted rate. In addition to this, the 1 year appreciation rate for homes in this area was 13.45%,which is higher than the national 1 year appreciation rate of 8.27%. This indicates that the housing market in Laredo, TX Metro Area has been performing well and is growing steadily. For these reasons, it makes sense for potential home buyers to consider investing in the housing market in Laredo, TX Metro Area.
The median home cost in Laredo Metro Area is $194,800. Home appreciation the last 10 years has been 93.7%. Home Appreciation in Laredo Metro Area is up 17.4%.
Average Age of Homes
- The median age of Laredo Metro Area real estate is 25 years old
The Rental Market in Laredo Metro Area
- Renters make up 34.0% of the Laredo Metro Area population
- 3.2% of houses and apartments in Laredo Metro Area, 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.