The housing market in 75778 Murchison, TX is experiencing strong appreciation. The median value of homes in this area is $210,500, which is much lower than the US median value of $338,100. However, over the last year, house values have appreciated 16.49%, significantly higher than the 8.27% national average. This suggests that Murchison is an appealing area for buyers seeking to invest in real estate and reap greater returns on their investments.
The median home cost in Murchison (zip 75778) is $210,500. Home appreciation the last 10 years has been 96.3%. Home Appreciation in Murchison (zip 75778) is up 20.0%.
Average Age of Homes
- The median age of Murchison (zip 75778) real estate is 29 years old
The Rental Market in Murchison (zip 75778)
- Renters make up 13.2% of the Murchison (zip 75778) population
- 0.2% of houses and apartments in Murchison (zip 75778), 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.