The median value for housing in Bishop, TX is $121,900, which is significantly lower than the US median value of $338,100. Interestingly however, the one year house appreciation in Bishop, TX was 13.46%, almost 5% higher than the 8.27% US average. This suggests that Bishop has seen significant house-value growth within the past year and may be an attractive option for potential buyers looking for a more affordable alternative.
The median home cost in Bishop is $121,900. Home appreciation the last 10 years has been 83.2%. Home Appreciation in Bishop is up 14.1%.
Average Age of Homes
- The median age of Bishop real estate is 55 years old
The Rental Market in Bishop
- Renters make up 18.3% of the Bishop population
- 2.5% of houses and apartments in Bishop, 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.