The housing market in Dimmitt, TX is quite strong, as evidenced by the median value of $90,900. This number is considerably lower than the national median value of $338,100 and indicates that Dimmitt offers more affordable housing options. In addition to this affordability, the region has also seen a higher rate of 1-year house appreciation at 12.81%, which is higher than the national average of 8.27%. This suggests that those investing in housing in Dimmitt are likely to experience greater returns than those investing in other parts of the US.
The median home cost in Dimmitt is $90,900. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Dimmitt is up 11.4%.
Average Age of Homes
- The median age of Dimmitt real estate is 55 years old
The Rental Market in Dimmitt
- Renters make up 22.5% of the Dimmitt population
- 1.2% of houses and apartments in Dimmitt, 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.