Redwood, TX is a great place to invest in real estate due to its strong housing market. The median value for homes in the area is $148,800, which is significantly lower than the US median of $338,100. Furthermore, the 1 year house appreciation rate in Redwood, TX is 13.25%, more than double the national average of 8.27%. This makes it an excellent opportunity for those looking to gain financial security through property investments.
The median home cost in Redwood is $148,800. Home appreciation the last 10 years has been 174.5%. Home Appreciation in Redwood is up 20.0%.
Average Age of Homes
- The median age of Redwood real estate is 31 years old
The Rental Market in Redwood
- Renters make up 18.8% of the Redwood population
- 4.8% of houses and apartments in Redwood, 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.