Kermit, TX Foreclosures
How much do homes sell for in Kermit, TX?
The average home price is currently $136,274.
In Kermit, TX, how many homes are available?
There are currently 2 active home listings available in Kermit.
What’s the average rental cost in Kermit, TX?
The average rental price in Kermit is $1,044.
What is the most expensive home in Kermit?
The most expensive home sold in Kermit had a price of $974,480.
What is currently the cheapest priced home in Kermit, TX?
The cheapest home for sale in Kermit is priced at $16,759.
Living in Kermit, TX
Kermit, Texas, is a quaint small city known for its friendly community vibe and rich oil industry history. With a variety of local amenities, parks, and strong educational institutions, Kermit offers a rural lifestyle coupled with easy access to larger urban centers. It is an ideal location for families and individuals looking for a tranquil yet engaging environment.
Current Market Conditions in Kermit, TX
The real estate market in Kermit has been relatively stable due to its small size and specific economic factors, mainly centered around the oil industry. This creates a unique housing demand that may differ from larger metropolitan areas. Although the inventory tends to be lower compared to urban centers, prices remain affordable, making it attractive to first-time homebuyers and investors alike.
Recently, Kermit has seen a slight uptick in home values as interest in West Texas properties grows, fueled by the ongoing energy sector activities. The demand for housing appears steady, with investors looking toward rental properties due to the influx of workers from the oil and gas industries.
Home Value Estimator For Kermit, TX
There are currently 2,482 real estate properties
in Kermit, TX,
with a median automated valuation model (AVM) price
of $129,946.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Kermit, 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 Kermit, TX,
is $136,274.00, with the most expensive house
in Kermit, TX, topping out
at $974,480.00 and the cheapest home
in Kermit, TX,
clocking in at $16,759.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Kermit, TX!
Rent Prices
In Kermit, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Kermit, TX, is on
a rollercoaster ride. The
average rent price in Kermit, TX,
is $1,044.00. Indeed, when looking to rent in
Kermit, TX, you can expect to pay as little
as $600.00 or as much
as $2,130.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Kermit, 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.
Learn more on Foreclosure homes
