The housing market in Panhandle, TX is steadily increasing. The median value of a house in Panhandle is $159,100, which is significantly less than the US House Median Value of $338,100. Despite this difference, the 1 year house appreciation rate for Panhandle has been 12.81%, higher than the national average of 8.27%. This indicates that housing values in Panhandle are on the rise and could be a great opportunity for anyone looking to buy or invest in real estate in the area.
The median home cost in Panhandle is $159,100. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Panhandle is up 11.4%.
Average Age of Homes
- The median age of Panhandle real estate is 47 years old
The Rental Market in Panhandle
- Renters make up 9.6% of the Panhandle population
- 1.7% of houses and apartments in Panhandle, 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.