Lone Oak, TX is a desirable place to live due to its affordable housing and increasing real estate values. The median value of a home in Lone Oak is $265,600, much lower than the US median value of $338,100. With a one-year house appreciation rate of 21.41%, homeowners in Lone Oak can expect substantial gains in the value of their homes over time. This is significantly higher than the nation's average one-year appreciation rate of 8.27%. For those looking for an affordable place to call home with potential for profitable investments into real estate, Lone Oak is an excellent option.
The median home cost in Lone Oak is $265,600. Home appreciation the last 10 years has been 144.0%. Home Appreciation in Lone Oak is up 23.0%.
Average Age of Homes
- The median age of Lone Oak real estate is 38 years old
The Rental Market in Lone Oak
- Renters make up 24.7% of the Lone Oak population
- 0.7% of houses and apartments in Lone Oak, 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.