Galveston, TX

Population: 48,733
Average annual home appreciation rate: 9.53%
Total of homes for sale in this market: 414
Median home price: $166,098
Median Rent: $1,004 per room
Home price range: 38.31% of homes are between $122,001 – $245,000
Median sales price: $30,000
Number of homes: 77
Median foreclosure sales price: $140,250
Foreclosure discount: N/A
Most common home type: 56.47% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 38.90%
Number of renters: 55.62%
Number of owner occupied: 44.38%
Number people living below poverty level: 23.22%
Unemployment rate: 4.90%
Is this area perfect for real estate deals going on right now? Relative to Texas, data shows that Galveston’s latest annual appreciation rate is higher than 90% of the other cities and towns in Texas. This makes Galveston one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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