The housing in Chico, TX is quite impressive, with a median value of $311,800. This is significantly lower than the national median value of $338,100. Despite this, the one-year house appreciation rate in Chico is even higher than the national one-year house appreciation rate of 8.27%, at 16.22%. This impressive growth rate indicates that while housing in Chico may be relatively affordable compared to national standards, it has significant potential for growth and is a great choice for investing in real estate.
The median home cost in Chico is $311,800. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Chico is up 19.7%.
Average Age of Homes
- The median age of Chico real estate is 46 years old
The Rental Market in Chico
- Renters make up 22.5% of the Chico population
- 3.2% of houses and apartments in Chico, 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.