Housing in Ferris, TX is a desirable investment for many people. The median value of housing in the area is substantially lower than the US median at $231,200 compared to $338,100. In addition, the rate of appreciation over the last year for houses in Ferris was 19.07% which is significantly higher than the US average of 8.27%. This makes investing in housing in Ferris a lucrative and potentially high return option for those looking to purchase a home.
The median home cost in Ferris is $231,200. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Ferris is up 23.5%.
Average Age of Homes
- The median age of Ferris real estate is 43 years old
The Rental Market in Ferris
- Renters make up 27.5% of the Ferris population
- 0.0% of houses and apartments in Ferris, 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.