Living in Terrell, TX
Terrell, TX, is a vibrant town that seamlessly combines small-town charm with the conveniences of modern living. Known for its friendly community and a variety of local amenities, Terrell offers residents access to numerous outdoor activities, quality schools, and easy transportation options to Dallas.
Current Market Conditions in Terrell, TX
The current real estate market in Terrell, TX, is experiencing a steady increase in home values due to ongoing demand and a growing population. More families are moving to the area, leading to increased interest in single-family homes and townhouses. The market remains competitive, though it offers a good variety of price points that attract both first-time buyers and investors.
Terrell's market has shown resilience with a positive growth trend, as new developments and improved infrastructure make the area more appealing. Local businesses are thriving, and with the expansion of commercial real estate, the area is expected to continue growing, making it a prime location for investment.
Home Value Estimator For Terrell, TX
There are currently 10,459 real estate properties
in Terrell, TX,
with a median automated valuation model (AVM) price
of $258,827.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Terrell, 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 Terrell, TX,
is $323,713.00, with the most expensive house
in Terrell, TX, topping out
at $6,986,313.00 and the cheapest home
in Terrell, TX,
clocking in at $12,626.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Terrell, TX!
Rent Prices
In Terrell, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Terrell, TX, is on
a rollercoaster ride. The
average rent price in Terrell, TX,
is $1,304.00. Indeed, when looking to rent in
Terrell, TX, you can expect to pay as little
as $620.00 or as much
as $3,410.00,
with the average rent median estimated to
be $1,260.00. The good news is that finding
an affordable and desirable property to rent in Terrell, 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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