Gorman, TX is a great place to buy housing. The median value of a house in Gorman is $117,800, which is significantly lower than the median value of a house in the US of $338,100. Additionally, the 1 year appreciation rate for houses in Gorman is 16.22%, which is higher than the US average of 8.27%. This means that homeowners in Gorman can expect to see their investments grow faster than average. All things considered, investing in housing in Gorman is an attractive option for those looking to buy property.
The median home cost in Gorman is $117,800. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Gorman is up 19.7%.
Average Age of Homes
- The median age of Gorman real estate is 56 years old
The Rental Market in Gorman
- Renters make up 15.1% of the Gorman population
- 6.5% of houses and apartments in Gorman, 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.