The housing market in Canyon Lake, TX is thriving. The median value of homes in the area is currently $395,700, which is significantly higher than the US median value of $338,100. This indicates that real estate in the area is significantly more valuable than average. Furthermore, the 1 year house appreciation rate in Canyon Lake is 16.09%, nearly double the national rate of 8.27%. This makes investing in real estate in this city a wise decision and suggests continued growth of housing values in the future.
The median home cost in Canyon Lake is $395,700. Home appreciation the last 10 years has been 112.2%. Home Appreciation in Canyon Lake is up 19.0%.
Average Age of Homes
- The median age of Canyon Lake real estate is 23 years old
The Rental Market in Canyon Lake
- Renters make up 13.9% of the Canyon Lake population
- 1.5% of houses and apartments in Canyon Lake, 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.