The housing market in Kermit, TX is significantly less expensive than the national average. The median value of a house in the city is $107,700, which is much lower than the US median value of $338,100. Despite this difference, the one year appreciation rate for houses in Kermit is still 4.71%, which is slightly lower than the national appreciation rate of 8.27%. This suggests that there are still some good opportunities to be found in the Kermit housing market.
The median home cost in Kermit is $107,700. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Kermit is up 7.2%.
Average Age of Homes
- The median age of Kermit real estate is 55 years old
The Rental Market in Kermit
- Renters make up 16.7% of the Kermit population
- 1.8% of houses and apartments in Kermit, 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.