The housing market in the Palestine, TX Metro Area is significantly lower than the median value for the US as a whole, with houses at a median value of $181,400 compared to $338,100 across the nation. While house prices have seen appreciation nationwide at 8.27%, they have seen only 5.83% in Palestine. Despite this slower rate of appreciation, it still represents a healthy growth that many buyers and investors are looking to take advantage of within the area.
The median home cost in Palestine Metro Area is $181,400. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Palestine Metro Area is up 19.7%.
Average Age of Homes
- The median age of Palestine Metro Area real estate is 35 years old
The Rental Market in Palestine Metro Area
- Renters make up 22.6% of the Palestine Metro Area population
- 1.0% of houses and apartments in Palestine 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.