The housing market in 78597 South Padre Island, TX is currently booming. The median value of a home in this area is $423,600, compared to the US median value of $338,100. Additionally, the appreciation rate for homes in 78597 South Padre Island over the past year has been 14.13%, which is substantially higher than the US average of 8.27%. With such strong performance and growth potential for investment, it’s no wonder people are flocking to South Padre Island in search of their ideal homes.
The median home cost in South Padre Island (zip 78597) is $423,600. Home appreciation the last 10 years has been 75.5%. Home Appreciation in South Padre Island (zip 78597) is up 23.4%.
Average Age of Homes
- The median age of South Padre Island (zip 78597) real estate is 32 years old
The Rental Market in South Padre Island (zip 78597)
- Renters make up 7.4% of the South Padre Island (zip 78597) population
- 0.6% of houses and apartments in South Padre Island (zip 78597), 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.