Wellman, TX is a small town with a population of around 5,000 people. The median value of housing in Wellman is $120,300 which is significantly lower than the national median value of $338,100. Despite the difference in median values, the one year house appreciation rate for Wellman was 16.22%, much higher than the 8.27% national rate. This suggests that housing in Wellman has been increasing in value at an impressive rate, making it an attractive place to invest in real estate.
The median home cost in Wellman is $120,300. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Wellman is up 19.7%.
Average Age of Homes
- The median age of Wellman real estate is 50 years old
The Rental Market in Wellman
- Renters make up 53.8% of the Wellman population
- 3.6% of houses and apartments in Wellman, 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.