Rio Hondo, TX is a great place to invest in real estate. The housing median value in Rio Hondo is $149,200, significantly lower than the median value of homes nationally at $338,100. Additionally, the one year house appreciation rate for Rio Hondo is 14.13%, higher than the national average of 8.27%. This makes buying a home in Rio Hondo an attractive option for potential investors as they can benefit from purchasing a lower priced home with greater appreciation potential.
The median home cost in Rio Hondo is $149,200. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Rio Hondo is up 23.4%.
Average Age of Homes
- The median age of Rio Hondo real estate is 41 years old
The Rental Market in Rio Hondo
- Renters make up 22.1% of the Rio Hondo population
- 3.8% of houses and apartments in Rio Hondo, 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.