The housing market in Penitas, TX is strong, with the median value of homes being $128,600. This is much lower than the US House Median Value of $338,100, suggesting that the cost of purchasing a home in Penitas is much more affordable than in other parts of the country. Furthermore, house appreciation over the past year has been strong at 14.13%, which is significantly higher than the US 1 year House Appreciation of 8.27%. This demonstrates that housing values have been increasing rapidly in Penitas and could be an attractive option for potential homebuyers.
The median home cost in Penitas is $128,600. Home appreciation the last 10 years has been 75.5%. Home Appreciation in Penitas is up 23.4%.
Average Age of Homes
- The median age of Penitas real estate is 15 years old
The Rental Market in Penitas
- Renters make up 20.2% of the Penitas population
- 8.9% of houses and apartments in Penitas, 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.