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Foreclosure Homes in Electra, TX 76360

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Electra, TX Foreclosures

How much do homes sell for in Electra, TX?
The average home price is currently $107,494.
In Electra, TX, how many homes are available?
There are currently 15 active home listings available in Electra.
What’s the average rental cost in Electra, TX?
The average rental price in Electra is $849.
What is the most expensive home in Electra?
The most expensive home sold in Electra had a price of $4,579,446.
What is currently the cheapest priced home in Electra, TX?
The cheapest home for sale in Electra is priced at $14,227.

Living in Electra, TX

Electra is a charming small town located in Wichita County, Texas. Known for its rich history and tight-knit community, this area boasts affordable living with a welcoming atmosphere. Nestled in the heart of north Texas, Electra features easy access to major highways and is just a short drive from larger cities like Wichita Falls and Vernon.

Current Market Conditions in Electra, TX

The real estate market in Electra is characterized by affordability and stability. Home prices have remained relatively steady over the past few months, attracting first-time buyers seeking budget-friendly properties. The market is competitive, with low inventory encouraging buyers to act quickly when they find a home that suits their needs.

Interest in Electra continues to grow as more people recognize the benefits of small-town living combined with proximity to larger cities. The town's strong sense of community and value-driven housing options are drawing interest from families, retirees, and individuals looking for a quieter lifestyle.

Home Value Estimator For Electra, TX

There are currently 1,630 real estate properties in Electra, TX, with a median automated valuation model (AVM) price of $77,658.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Electra, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Electra, TX, is $107,494.00, with the most expensive house in Electra, TX, topping out at $4,579,446.00 and the cheapest home in Electra, TX, clocking in at $14,227.00. In other words, there’s something for every potential homebuyer or savvy investor in Electra, TX!

Rent Prices In Electra, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Electra, TX, is on a rollercoaster ride. The average rent price in Electra, TX, is $849.00. Indeed, when looking to rent in Electra, TX, you can expect to pay as little as $450.00 or as much as $2,240.00, with the average rent median estimated to be $800.00. The good news is that finding an affordable and desirable property to rent in Electra, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Electra, TX 76360 Foreclosures


Market Trend for Electra, TX

Total Listings Available: 15

Market Values:

Home Prices from $14,227 to $4,579,446

Average Sales Price: $107,494

Rental Values:

Rental from $450 to $2,240

Average Rent Value: $849 / month

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