El Lago, TX has an impressive median value of $300,800 for housing with the US median being lower at $338,100. This is a great sign for homeowners in El Lago as it is indicative of an increase in property values. Furthermore, when compared to the nationwide one year house appreciation of 8.27%, the one-year appreciation rate in El Lago is a whopping 12.95%, significantly higher than the national average. This rapid growth makes El Lago a great place to purchase a home and invest in the future.
The median home cost in El Lago is $300,800. Home appreciation the last 10 years has been 111.3%. Home Appreciation in El Lago is up 15.9%.
Average Age of Homes
- The median age of El Lago real estate is 44 years old
The Rental Market in El Lago
- Renters make up 15.7% of the El Lago population
- 2.9% of houses and apartments in El Lago, 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.