Foreclosure Homes in Ferris, TX

Current Market Conditions in Ferris, TX

The real estate market in Ferris has seen significant growth over the past year, with an increase in home values and a rising demand from buyers seeking affordable housing solutions. Many families are moving to Ferris due to its proximity to Dallas and relatively lower property prices compared to surrounding areas. This upward trend indicates a healthy mix of both buyers and sellers in today's market, making it an attractive option for new homeowners.

Recent statistics show that the average home prices have risen by approximately 8% in the last year, reflecting the demand for homes in this community. Homes generally sell quickly, often within a month of being listed, indicating a competitive market that appeals to first-time buyers and investors alike.

Rent Prices In Ferris, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ferris, TX, is on a rollercoaster ride. The average rent price in Ferris, TX, is $1,252.00. Indeed, when looking to rent in Ferris, TX, you can expect to pay as little as $630.00 or as much as $3,290.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Ferris, 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.