New Summerfield, TX is a great place to invest in real estate. The median value of housing in the city is currently $130,100, which is significantly lower than the US house median value of $338,100. In addition, the US house appreciation rate over the last year was 8.27%, while New Summerfield had an even higher rate of 16.49%. This means that investing in New Summerfield right now can be quite profitable due to its high potential for appreciation.
The median home cost in New Summerfield is $130,100. Home appreciation the last 10 years has been 96.3%. Home Appreciation in New Summerfield is up 20.0%.
Average Age of Homes
- The median age of New Summerfield real estate is 26 years old
The Rental Market in New Summerfield
- Renters make up 25.6% of the New Summerfield population
- 7.7% of houses and apartments in New Summerfield, 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.