The housing market in Rice, TX is booming with a median house value of $241,800 - substantially lower than the US median house value of $338,100. The 1 year appreciation rate for houses in Rice is 19.07%, more than double the national average of 8.27%. This indicates that Rice is becoming an increasingly popular place to live as demand for housing rises and prices increase. With such high appreciation rates, now is an ideal time to invest in real estate in Rice.
The median home cost in Rice is $241,800. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Rice is up 23.5%.
Average Age of Homes
- The median age of Rice real estate is 31 years old
The Rental Market in Rice
- Renters make up 34.8% of the Rice population
- 0.0% of houses and apartments in Rice, 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.