Foreclosure Homes in Monahans, TX 79756

Current Market Conditions in Monahans, TX

In the current market, Monahans is experiencing a steady demand for housing, with prices remaining relatively stable. The appeal of the area has grown, driven by its affordability compared to larger Texas cities, attracting both new residents and investors looking for rental properties.

Recent trends indicate that while home prices have seen a slight increase over the past few months, the market remains accessible to first-time homebuyers. The influx of energy industry jobs nearby has also helped bolster the local economy, contributing to an increased interest in real estate.

Rent Prices In Monahans, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monahans, TX, is on a rollercoaster ride. The average rent price in Monahans, TX, is $888.00. Indeed, when looking to rent in Monahans, TX, you can expect to pay as little as $570.00 or as much as $1,940.00, with the average rent median estimated to be $860.00. The good news is that finding an affordable and desirable property to rent in Monahans, 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.