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Cheap Homes in Kermit, TX

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Kermit, TX Foreclosures

How much do homes sell for in Kermit, TX?
The average home price is currently $138,301.
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 $977,768.
What is currently the cheapest priced home in Kermit, TX?
The cheapest home for sale in Kermit is priced at $16,392.

Living in Kermit, TX

Kermit, TX is a welcoming small town characterized by its friendly community, thriving local economy, and charming educational institutions. It offers a mix of recreational activities perfect for families and individuals looking for a serene lifestyle. Residents enjoy a blend of outdoor adventures and local events that foster community connection.

Current Market Conditions in Kermit, TX

Kermit's real estate market is currently experiencing moderate growth with a healthy demand for single-family homes. Prices have seen a steady increase over the past few months, attracting both buyers looking for affordable housing and investors interested in rental opportunities.

The rental market is also proving to be hot, with many properties seeing quick turnover as more people look for housing in the area due to job opportunities created by the local oil industry.

Home Value Estimator For Kermit, TX

There are currently 2,499 real estate properties in Kermit, TX, with a median automated valuation model (AVM) price of $128,524.00. 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 $138,301.00, with the most expensive house in Kermit, TX, topping out at $977,768.00 and the cheapest home in Kermit, TX, clocking in at $16,392.00. 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.

Cheap Homes in Kermit, TX


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