The housing market in Alvin, TX (zip code 77511) has seen a considerable increase over the past year. The median value of homes in that area is currently $267,400, which is significantly lower than the US median of $338,100. Despite this discrepancy, the 1 year house appreciation rate in Alvin is 12.95%, which is higher than the US average of 8.27%. This means that even though homes cost less in Alvin than other places, their values are increasing at a much faster rate. These numbers show that investing in real estate in Alvin would be a great decision for potential homeowners and investors alike.
The median home cost in Alvin (zip 77511) is $267,400. Home appreciation the last 10 years has been 111.3%. Home Appreciation in Alvin (zip 77511) is up 15.9%.
Average Age of Homes
- The median age of Alvin (zip 77511) real estate is 32 years old
The Rental Market in Alvin (zip 77511)
- Renters make up 26.3% of the Alvin (zip 77511) population
- 2.4% of houses and apartments in Alvin (zip 77511), 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.