The housing market in Wells, TX is thriving and outperforming the national average. The median value of a house in Wells, TX is $214,600, while the US median value is $338,100. Over the past year, the US house appreciation rate was 8.27%, whereas in Wells it was 16.22%. This means that homeowners in Wells have seen a higher return on their investment than those across the country. The increasing value of housing in Wells combined with its affordability makes it an attractive option for potential buyers.
The median home cost in Wells is $214,600. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Wells is up 19.7%.
Average Age of Homes
- The median age of Wells real estate is 53 years old
The Rental Market in Wells
- Renters make up 36.0% of the Wells population
- 3.8% of houses and apartments in Wells, 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.