The housing market in Arcola, TX is booming. The median value for homes in the area is $258,500, which is significantly lower than the US house median value of $338,100. In just one year, the appreciation rate for homes in Arcola has been 12.95%, much higher than the national average of 8.27%. This trend suggests that homeowners in Arcola are experiencing a large increase in their home’s value over a short period of time and are likely to benefit from this growth.
The median home cost in Arcola is $258,500. Home appreciation the last 10 years has been 111.3%. Home Appreciation in Arcola is up 15.9%.
Average Age of Homes
- The median age of Arcola real estate is 19 years old
The Rental Market in Arcola
- Renters make up 25.3% of the Arcola population
- 3.4% of houses and apartments in Arcola, 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.