The housing market in the Pampa, TX Metro Area is very strong. The median home value is currently $82,800, which is lower than the US median of $338,100. Furthermore, the one year house appreciation rate in Pampa is 15.73%, which is significantly higher than the average US appreciation rate of 8.27%. This high rate of appreciation indicates that this area has experienced rapid and significant growth recently. Investing in a property in this area could be a smart move for potential buyers looking to get into the market before values continue to go up even further.
The median home cost in Pampa Metro Area is $82,800. Home appreciation the last 10 years has been 61.7%. Home Appreciation in Pampa Metro Area is up 11.4%.
Average Age of Homes
- The median age of Pampa Metro Area real estate is 57 years old
The Rental Market in Pampa Metro Area
- Renters make up 21.7% of the Pampa Metro Area population
- 4.4% of houses and apartments in Pampa 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.