The housing market in Beaumont-Port Arthur, TX Metro Area is thriving with the median value of a home being at $154,300. This is significantly lower than the US House Median Value of $338,100 making it an affordable place to live for most people. In addition, the 1 year house appreciation rate in this area is 12.63%, which is higher than the 8.27% appreciation rate across the US, indicating strong potential for future growth. The encouraging market conditions make now a great time to invest in real estate in Beaumont-Port Arthur, TX Metro Area.
The median home cost in Beaumont-Port Arthur Metro Area is $154,300. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Beaumont-Port Arthur Metro Area is up 10.7%.
Average Age of Homes
- The median age of Beaumont-Port Arthur Metro Area real estate is 40 years old
The Rental Market in Beaumont-Port Arthur Metro Area
- Renters make up 27.2% of the Beaumont-Port Arthur Metro Area population
- 1.5% of houses and apartments in Beaumont-Port Arthur Metro Area, 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.