Penitas, TX Foreclosures
How much do homes sell for in Penitas, TX?
The average home price is currently $166,014.
In Penitas, TX, how many homes are available?
There are currently 3 active home listings available in Penitas.
What’s the average rental cost in Penitas, TX?
The average rental price in Penitas is $944.
What is the most expensive home in Penitas?
The most expensive home sold in Penitas had a price of $931,400.
What is currently the cheapest priced home in Penitas, TX?
The cheapest home for sale in Penitas is priced at $13,870.
Living in Penitas, TX
Penitas, TX is a growing community that combines charm and convenience. With its friendly neighborhoods and access to amenities, residents enjoy a fulfilling lifestyle. The city boasts parks, schools, and a strong sense of community, making it an attractive place for families and individuals alike.
Current Market Conditions in Penitas, TX
The real estate market in Penitas has shown consistent growth over the last year, with a steady increase in home values driven by demand from families and individuals looking for affordable housing in a convenient location. As a desirable area within the Rio Grande Valley, Penitas is attracting more interest from homebuyers, particularly those seeking a suburban lifestyle with access to urban amenities.
Current trends indicate an uptick in new construction and development, catering to the growing population. The market remains competitive, with homes often selling quickly, reflecting the area's appeal and the positive trajectory of the local economy.
Home Value Estimator For Penitas, TX
There are currently 2,797 real estate properties
in Penitas, TX,
with a median automated valuation model (AVM) price
of $150,081.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Penitas, 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 Penitas, TX,
is $166,014.00, with the most expensive house
in Penitas, TX, topping out
at $931,400.00 and the cheapest home
in Penitas, TX,
clocking in at $13,870.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Penitas, TX!
Rent Prices
In Penitas, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Penitas, TX, is on
a rollercoaster ride. The
average rent price in Penitas, TX,
is $944.00. Indeed, when looking to rent in
Penitas, TX, you can expect to pay as little
as $430.00 or as much
as $2,200.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Penitas, 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
