The overall housing market in New Waverly, TX is doing very well compared to the US median value and appreciation rate. The median value of houses in New Waverly is $319,700, which is nearly 8% lower than the US median value of $338,100. However, over the past year, house values have appreciated by 15.68%, which is more than double the national appreciation rate of 8.27%. This can be attributed to increasing demand for housing in the area as more people move to this rural Texas town seeking a quiet lifestyle with access to nearby cities and amenities. Overall, it's a great time to be buying or selling a home in New Waverly!
The median home cost in New Waverly is $319,700. Home appreciation the last 10 years has been 111.6%. Home Appreciation in New Waverly is up 23.0%.
Average Age of Homes
- The median age of New Waverly real estate is 38 years old
The Rental Market in New Waverly
- Renters make up 48.5% of the New Waverly population
- 2.1% of houses and apartments in New Waverly, 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.