The housing market in 78545 New Falcon, TX is a dynamic and lucrative one. The median value of housing in this area is $97,700, which may seem low when compared to the US House Median Value of $338,100. However, this lower median value is more than made up for by the higher 1 year house appreciation rate: 14.13%, as opposed to 8.27% nationally. This makes 78545 New Falcon, TX an attractive option for those interested in investing in the housing market or looking for a good place to buy a home.
The median home cost in New Falcon (zip 78545) is $97,700. Home appreciation the last 10 years has been 75.5%. Home Appreciation in New Falcon (zip 78545) is up 23.4%.
Average Age of Homes
- The median age of New Falcon (zip 78545) real estate is 38 years old
The Rental Market in New Falcon (zip 78545)
- Renters make up 30.0% of the New Falcon (zip 78545) population
- 4.4% of houses and apartments in New Falcon (zip 78545), 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.