The housing market in Mineral Wells, TX is extremely favorable for home buyers. The median value of a house in Mineral wells is significantly lower than the US median, at $157,100 compared to $338,100. Over the past year the appreciation rate for houses has been 15.47%, while nationally it was 8.27%. This makes Mineral Wells an attractive option for anyone looking to purchase real estate as they are likely to experience larger returns than what can be found elsewhere.
The median home cost in Mineral Wells is $157,100. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Mineral Wells is up 21.8%.
Average Age of Homes
- The median age of Mineral Wells real estate is 53 years old
The Rental Market in Mineral Wells
- Renters make up 35.0% of the Mineral Wells population
- 1.7% of houses and apartments in Mineral Wells, 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.