Mineral Wells Metro Area, TX Housing

The housing market in Mineral Wells, TX Metro Area is thriving due to the high median value of $224,900 and an impressive one year appreciation rate of 15.83%, which is higher than the national average of 8.27%. This indicates that there is strong demand for housing in this area and that it may be a good option for those looking to invest in real estate. Moreover, the median value is more affordable than the US median value of $338,100, making it an attractive choice for those searching for their first home or looking to upgrade their current property. Overall, Mineral Wells, TX Metro Area looks like an ideal location for potential homeowners or investors.

The median home cost in Mineral Wells Metro Area is $224,900. Home appreciation the last 10 years has been 132.3%. Home Appreciation in Mineral Wells Metro Area is up 21.2%.

Average Age of Homes

- The median age of Mineral Wells Metro Area real estate is 45 years old

The Rental Market in Mineral Wells Metro Area

- Renters make up 19.7% of the Mineral Wells Metro Area population
- 0.7% of houses and apartments in Mineral Wells Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Mineral Wells, Texas	United States
	15,102.0	139,647,020.0
	44	42
	$224,900	$338,100
	21.2%	16.6%
	68.4%	57.0%
	132.3%	101.1%
	$15.11	$10.98
	$1,928	$2,690
	50.5%	57.4%
	31.2%	11.2%
	18.3%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	1.8%	0.7%
	3.1%	0.4%
	19.1%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	3.7%	2.6%
	6.6%	2.4%
	8.6%	2.8%
	9.5%	3.9%
	9.0%	4.5%
	20.3%	11.3%
	9.0%	13.0%
	13.4%	20.1%
	10.4%	13.6%
	2.3%	8.3%
	4.0%	9.7%
	1.5%	3.9%
	1.3%	2.2%
	0.2%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.0%	13.6%
	13.0%	13.6%
	13.4%	13.6%
	12.3%	13.2%
	13.5%	14.8%
	13.4%	13.6%
	10.5%	10.0%
	6.3%	4.7%
	9.3%	12.2%

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