Living in Wellman, TX
WELLMAN, TX is a charming small town offering a relaxed lifestyle complemented by essential amenities. The community is welcoming, making it ideal for families and retirees. With nearby schools and parks, Wellman combines rural tranquility with accessibility to larger urban centers.
Current Market Conditions in Wellman, TX
The real estate market in Wellman has been showing steady growth over the past few years, with an increasing demand for affordable housing options. Investors may find opportunities in single-family homes, as the population gradually reflects an upward trend, indicating a stable investment environment.
With current property values well below the national average, Wellman presents a favorable landscape for investors looking to buy and rent. As infrastructure continues to develop and improve, market forecasts suggest that property appreciation is likely in the coming years.
Home Value Estimator For Wellman, TX
There are currently 56 real estate properties
in Wellman, TX,
with a median automated valuation model (AVM) price
of $121,633.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Wellman, 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 Wellman, TX,
is $147,814.00, with the most expensive house
in Wellman, TX, topping out
at $605,945.00 and the cheapest home
in Wellman, TX,
clocking in at $36,967.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Wellman, TX!
Rent Prices
In Wellman, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Wellman, TX, is on
a rollercoaster ride. The
average rent price in Wellman, TX,
is $1,074.00. Indeed, when looking to rent in
Wellman, TX, you can expect to pay as little
as $640.00 or as much
as $2,020.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Wellman, 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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