The housing market in Lorenzo, TX is booming. The median house value in the area is $81,800, which is significantly lower than the national median of $338,100. However, over the last year, the appreciation rate of houses in Lorenzo has been higher than the US average—16.22% compared to 8.27%. This suggests that homeowners in Lorenzo can expect their properties to increase in value at a faster rate than other parts of the country over the next year.
The median home cost in Lorenzo is $81,800. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Lorenzo is up 19.7%.
Average Age of Homes
- The median age of Lorenzo real estate is 54 years old
The Rental Market in Lorenzo
- Renters make up 26.1% of the Lorenzo population
- 8.6% of houses and apartments in Lorenzo, 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.