Rankin, TX Foreclosures
Current Market Conditions in in Rankin, TX As of January 2026?
In the past month, Rankin's real estate market has seen an increase in buyer activity, primarily driven by families seeking more space. Listings have turned over faster with several properties receiving multiple offers, indicating that the market could be heating up as we move into the fall. Comparatively, prices have held steady, but the higher competition among buyers may encourage sellers to list their homes at slightly elevated prices in the near future.
How much do homes sell for in Rankin, TX?
The average home price is currently $133,829.
What’s the average rental cost in Rankin, TX?
The average rental price in Rankin is $869.
What is the most expensive home in Rankin?
The most expensive home sold in Rankin had a price of $754,188.
What is currently the cheapest priced home in Rankin, TX?
The cheapest home for sale in Rankin is priced at $39,357.
Living in Rankin, TX
Rankin, TX, is a quaint and welcoming small town that offers a serene lifestyle amidst the vast Texan landscape. With affordable living, essential amenities, and strong community bonds, it’s perfect for families and retirees seeking tranquility. Its proximity to nature and supportive educational institutions further enhance the appeal of this hidden gem.
Buyer vs Seller Market in Rankin, TX
The real estate market in Rankin has shown stability with modest growth over the past year. Home values have remained consistent, attracting buyers looking for affordable properties without sacrificing quality of life. The local job market is stable, providing opportunities that underpin this real estate stability.
In recent months, there has been an uptick in interest from individuals seeking second homes or vacation properties, contributing to a slight increase in home sales. While inventory remains limited, the demand suggests a healthy market balance that could lead to gradual appreciation in property values.
Home Value Estimator For Rankin, TX
There are currently 307 real estate properties
in Rankin, TX,
with a median automated valuation model (AVM) price
of $114,240.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rankin, 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 Rankin, TX,
is $133,829.00, with the most expensive house
in Rankin, TX, topping out
at $754,188.00 and the cheapest home
in Rankin, TX,
clocking in at $39,357.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rankin, TX!
Rent Prices
In Rankin, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rankin, TX, is on
a rollercoaster ride. The
average rent price in Rankin, TX,
is $869.00. Indeed, when looking to rent in
Rankin, TX, you can expect to pay as little
as $650.00 or as much
as $1,120.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Rankin, 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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