The housing market in Lorena, TX is a great option for those looking to invest. The median house value of $349,000 is higher than the national median of $338,100. Further, the US House Appreciation rate over the past year was 8.27% while Lorena, TX saw a staggering 17.68%. This shows that the housing market in Lorena, TX is growing much faster than many other cities across the US and can be seen as an attractive option for those seeking to purchase property or invest in real estate.
The median home cost in Lorena is $349,000. Home appreciation the last 10 years has been 119.4%. Home Appreciation in Lorena is up 21.3%.
Average Age of Homes
- The median age of Lorena real estate is 33 years old
The Rental Market in Lorena
- Renters make up 24.1% of the Lorena population
- 0.0% of houses and apartments in Lorena, 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.