The housing market in Pelican Bay, TX is thriving, with a median value of $116,100. This is significantly lower than the US median value of $338,100. Furthermore, it has seen an impressive appreciation rate over the past year of 15.47%, compared to the US rate of 8.27%. This indicates that the housing market in Pelican Bay is especially buoyant. With its relatively low prices and strong appreciation rates, this makes Pelican Bay an attractive option for those looking to invest in real estate.
The median home cost in Pelican Bay is $116,100. Home appreciation the last 10 years has been 144.5%. Home Appreciation in Pelican Bay is up 21.8%.
Average Age of Homes
- The median age of Pelican Bay real estate is 29 years old
The Rental Market in Pelican Bay
- Renters make up 35.3% of the Pelican Bay population
- 1.2% of houses and apartments in Pelican Bay, 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.