The housing market in Galveston, TX is thriving. The median value of houses in the area is $347,400, which is higher than the US median of $338,100. On top of that, the house appreciation rate in Galveston is also greater than the national average with a 1-year growth rate of 12.95%, compared to the US 8.27%. This makes Galveston an attractive place for potential homeowners and investors looking for stable returns on their investments.
The median home cost in Galveston is $347,400. Home appreciation the last 10 years has been 111.3%. Home Appreciation in Galveston is up 15.9%.
Average Age of Homes
- The median age of Galveston real estate is 45 years old
The Rental Market in Galveston
- Renters make up 34.0% of the Galveston population
- 5.9% of houses and apartments in Galveston, 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.