The housing market in Channing, TX is very strong and quickly appreciating. The median value of a house in Channing is $165,000 which is significantly lower than the US House median value of $338,100. This makes Channing an attractive option for people who want to purchase a home without spending too much money. Additionally, the one year appreciation rate for houses in Channing is 12.81%, which is higher than the US 1 year House Appreciation rate of 8.27%. This indicates that housing values are increasing at a rapid pace and making it an ideal place to invest in real estate.
The median home cost in Channing is $165,000. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Channing is up 11.4%.
Average Age of Homes
- The median age of Channing real estate is 47 years old
The Rental Market in Channing
- Renters make up 35.9% of the Channing population
- 2.1% of houses and apartments in Channing, 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.