Buying city property has tremendous potential because you have the opportunity to turn a neglected eyesore into a real estate gem … at a fraction of the cost. Click on a listing below to begin search for city-owned properties for sale in your area. Don't overpay for your next home in Hondo, TX 78861. There are 21 discounted homes for sale in Hondo, TX 78861 we think you'll love.
Hondo is a charming small town located in Medina County, Texas, offering a blend of rich history and modern conveniences. Known for its friendly community and southern hospitality, Hondo provides a peaceful and serene environment ideal for families and retirees. The town boasts various parks, local shops, and a strong sense of community, making it a perfect place to call home.
There are currently 4,176 real estate properties in Hondo, TX, with a median automated valuation model (AVM) price of $197,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hondo, 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 Hondo, TX, is $254,962.00, with the most expensive house in Hondo, TX, topping out at $4,852,900.00 and the cheapest home in Hondo, TX, clocking in at $16,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Hondo, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hondo, TX, is on a rollercoaster ride. The average rent price in Hondo, TX, is $1,137.00. Indeed, when looking to rent in Hondo, TX, you can expect to pay as little as $580.00 or as much as $2,240.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Hondo, 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.
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