Spring (The Woodlands), TX

Population: 54,298
Average annual home appreciation rate: 5.37%
Total of homes for sale in this market: 178
Median home price: $135,375
Median Rent: $1,385 per room
Home price range: 52.22% of homes are between $122,001 – $245,000
Median sales price: $242,500
Number of homes: 190
Median foreclosure sales price: $127,788
Foreclosure discount: 47%
Most common home type: 89.01% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.30%
Number of renters: 23.53%
Number of owner occupied: 76.47%
Number people living below poverty level: 9.70%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? Relative to Texas, data shows that Spring’s latest annual appreciation rate is higher than 70% of the other cities and towns in Texas. With the combination of high appreciation rates, great prices on homes and the rental rates, Spring could be a great opportunity for the savvy buy and hold investor.

Leave a Reply

Your email address will not be published. Required fields are marked *