The housing market in 77488 Wharton, TX is thriving. According to the provided context, the median value of a house in this area is $180,500 - well below the median value for houses nationally ($338,100). Despite this relatively lower price point, the appreciation rate for homes in this area is 11.67% -outperforming the national average of 8.27%. This suggests that there are desirable features driving buyers to purchase property in Wharton. With rising prices and a market that looks to be outperforming averages across the country, Wharton is an excellent place to invest in real estate.
The median home cost in Wharton (zip 77488) is $180,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Wharton (zip 77488) is up 21.6%.
Average Age of Homes
- The median age of Wharton (zip 77488) real estate is 42 years old
The Rental Market in Wharton (zip 77488)
- Renters make up 34.2% of the Wharton (zip 77488) population
- 2.1% of houses and apartments in Wharton (zip 77488), 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.