The housing in Springlake, TX is quite affordable, with the median value at about $61,300 and far below the US House median value of $338,100. Moreover, while the US house appreciation rate was 8.27% over the past year, Springlake saw even higher house appreciation of 12.81%. This means that homeowners in Springlake can expect a much larger return on their investment than those elsewhere in the US. With a great balance between affordability and appreciation potential, Springlake is a great option for anyone looking to buy into the real estate market.
The median home cost in Springlake is $61,300. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Springlake is up 11.4%.
Average Age of Homes
- The median age of Springlake real estate is 48 years old
The Rental Market in Springlake
- Renters make up 26.2% of the Springlake population
- 0.0% of houses and apartments in Springlake, 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.