Ranchos Penitas West, TX has seen a significant increase in housing median value over the past year. The median value of homes is $205,200, which is significantly lower than the US house median value of $338,100. However, the rate of appreciation for homes in Ranchos Penitas West is 15.93%, which is higher than the US national average of 8.27%. This suggests that Ranchos Penitas West is an attractive market for potential homebuyers looking for an affordable yet appreciating property.
The median home cost in Ranchos Penitas West is $205,200. Home appreciation the last 10 years has been 93.7%. Home Appreciation in Ranchos Penitas West is up 17.4%.
Average Age of Homes
- The median age of Ranchos Penitas West real estate is 21 years old
The Rental Market in Ranchos Penitas West
- Renters make up 9.8% of the Ranchos Penitas West population
- 2.6% of houses and apartments in Ranchos Penitas West, 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.