The housing market in Loraine, TX is relatively stable and has a median value of $80,600. Although the median value is significantly lower than the US house median value of $338,100, it has experienced an increase in appreciation over the last year with a rate of 7.07%, which is just slightly lower than the US 1 year house appreciation rate of 8.27%. Overall, this suggests that there is consistent growth and stability in Loraine’s housing market.
The median home cost in Loraine is $80,600. Home appreciation the last 10 years has been 78.0%. Home Appreciation in Loraine is up 12.3%.
Average Age of Homes
- The median age of Loraine real estate is 63 years old
The Rental Market in Loraine
- Renters make up 22.0% of the Loraine population
- 14.6% of houses and apartments in Loraine, 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.