In Lorena, Texas, the median housing value is $354,800 which is higher than the US median house value of $338,100. Furthermore, in the past year the housing appreciation rate has been 17.68% in Lorena compared to 8.27% across the US. This rapid appreciation rate speaks to the growing popularity of Lorena as a desirable living location and suggests that this trend will continue into the future.
The median home cost in Lorena (zip 76655) is $354,800. Home appreciation the last 10 years has been 119.4%. Home Appreciation in Lorena (zip 76655) is up 21.3%.
Average Age of Homes
- The median age of Lorena (zip 76655) real estate is 29 years old
The Rental Market in Lorena (zip 76655)
- Renters make up 12.8% of the Lorena (zip 76655) population
- 1.6% of houses and apartments in Lorena (zip 76655), 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.