The housing market in Tyler, TX Metro Area is very strong. The median value of homes is $241,500 which is significantly lower than the US house median value of $338,100. However, the US house appreciation rate over the past year has been 8.27%, while the appreciation rate in Tyler, TX Metro Area was an impressive 15.47%. This demonstrates that people are investing heavily in this area and that the housing market is booming.
The median home cost in Tyler Metro Area is $241,500. Home appreciation the last 10 years has been 96.3%. Home Appreciation in Tyler Metro Area is up 20.0%.
Average Age of Homes
- The median age of Tyler Metro Area real estate is 34 years old
The Rental Market in Tyler Metro Area
- Renters make up 30.7% of the Tyler Metro Area population
- 4.2% of houses and apartments in Tyler 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.