The housing market in 76431 Chico, TX is doing remarkably well with a median value of $300,800. This is significantly lower than the US national median house value of $338,100. However, the housing appreciation rate for Chico is 16.22%, which is 8.95% higher than the national rate of 8.27%. This means that home values in Chico have been increasing at a much faster rate than the national average over the past year. Therefore, those looking to invest in real estate or purchase a home in the area should find that it is a good time to do so as property values look set to increase further in the near future.
The median home cost in Chico (zip 76431) is $300,800. Home appreciation the last 10 years has been 99.0%. Home Appreciation in Chico (zip 76431) is up 19.7%.
Average Age of Homes
- The median age of Chico (zip 76431) real estate is 38 years old
The Rental Market in Chico (zip 76431)
- Renters make up 7.5% of the Chico (zip 76431) population
- 0.8% of houses and apartments in Chico (zip 76431), 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.