The housing market in Tatum, TX is booming. The median value of a house in Tatum is $198,600, which is significantly lower than the US House Median Value of $338,100. This makes it an appealing city for potential home buyers who are looking for more affordable housing options. Over the past year, the US House Appreciation rate was 8.27%, yet the House 1 year appreciation rate in Tatum was 14.75%. This higher rate of growth indicates that now is a great time to invest in real estate in this city, as prices and values are expected to continue to rise over the next several years.
The median home cost in Tatum is $198,600. Home appreciation the last 10 years has been 67.5%. Home Appreciation in Tatum is up 20.4%.
Average Age of Homes
- The median age of Tatum real estate is 31 years old
The Rental Market in Tatum
- Renters make up 18.7% of the Tatum population
- 1.3% of houses and apartments in Tatum, 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.