El Rancho Vela, TX has a housing median value of $122,200 which is significantly lower than the US house median value of $338,100. Despite this gap in value, El Rancho Vela has experienced an impressive surge in appreciation with a 1 year house appreciation rate of 14.13% compared to the national average of 8.27%. This increase in home value indicates that El Rancho Vela is an attractive option for potential homeowners and investors looking for affordable housing options.
The median home cost in El Rancho Vela is $122,200. Home appreciation the last 10 years has been 75.5%. Home Appreciation in El Rancho Vela is up 23.4%.
Average Age of Homes
- The median age of El Rancho Vela real estate is 15 years old
The Rental Market in El Rancho Vela
- Renters make up 0.0% of the El Rancho Vela population
- 0.0% of houses and apartments in El Rancho Vela, 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.