The housing market in Savoy, TX is thriving. The median value of a house in the area is $245,900, which is significantly lower than the US median of $338,100. Despite the low median cost of homes in Savoy, TX the city has seen a significant appreciation in house prices over the past year with an increase of 21.41%, compared to just 8.27% nationally. This shows that demand for housing in Savoy is high and property values are rising quickly. It's an excellent time to purchase real estate in this region as prices are still lower than much of the rest of the country but expected to increase due to strong demand from potential buyers.
The median home cost in Savoy is $245,900. Home appreciation the last 10 years has been 144.0%. Home Appreciation in Savoy is up 23.0%.
Average Age of Homes
- The median age of Savoy real estate is 45 years old
The Rental Market in Savoy
- Renters make up 21.0% of the Savoy population
- 1.9% of houses and apartments in Savoy, 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.