Balmorhea, TX has seen relatively slow year over year appreciation in housing values. The median value of a home in Balmorhea is $116,100 compared to the median value of a US home, which is $338,100. The 1 year appreciation for homes in Balmorhea was 4.71%, substantially lower than the 8.27% national average. Despite this relative stagnation in house prices, Balmorhea remains an affordable option for those looking to purchase a home.
The median home cost in Balmorhea is $116,100. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Balmorhea is up 7.2%.
Average Age of Homes
- The median age of Balmorhea real estate is 47 years old
The Rental Market in Balmorhea
- Renters make up 30.3% of the Balmorhea population
- 2.4% of houses and apartments in Balmorhea, 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.