75161 Terrell, TX has seen a higher than average appreciation rate in housing over the last year. The median value of a house in 75161 is $327,100, which is lower than the US median value of $338,100. However, the 1 year house appreciation rate in 75161 is 19.07%, significantly higher than the national average appreciation rate of 8.27%. This indicates that the area has seen a robust increase in house values over the course of one year, likely due to increased demand for housing or other factors such as an influx of high-end homebuyers.
The median home cost in Terrell (zip 75161) is $327,100. Home appreciation the last 10 years has been 160.4%. Home Appreciation in Terrell (zip 75161) is up 23.5%.
Average Age of Homes
- The median age of Terrell (zip 75161) real estate is 27 years old
The Rental Market in Terrell (zip 75161)
- Renters make up 18.4% of the Terrell (zip 75161) population
- 0.2% of houses and apartments in Terrell (zip 75161), 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.