Texas Real Estate Market Trends & Analysis

The Texas real estate market has served as the poster child of the national housing industry. Thanks, in large part, to a thriving economy complemented by relatively affordable housing, real estate in Texas has set the pace for the country’s historical recovery. In doing so, the Lone Star State has leveraged its strengthening economy, attractive business environment and bustling cities into a unique investment opportunity.

Both domestic and international investors have found refuge in the Texas housing market, making sure to capitalize on discounted properties with plenty of potential. Most notably, however, is the similar interest in residential and commercial real estate. Opportunistic investors are finding value in both commercial and residential properties the state over.

Texas Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Title Companies
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Non-Judicial
Process Period: 2 - 3 months
Notice of Sale: Trustee
Redemption Period: None

Taxes

Income Tax: None
Corporate Tax: None
Sales Tax: 6.25%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 1.81%
Property Taxes by County: http://www.tax-rates.org/texas/property-tax#Counties

Average Transactional Costs

Closing Cost: $3,046.00
Transfer Fee: No Fees
Origination Fee: $2,280.00

Overview

  • Median Home Value: $198,100
  • 1-Year Appreciation Rate: +5.3%
  • Median Home Value (1-Year Forecast): +2.2%
  • Median Rent Price: $1,595
  • Price-To-Rent Ratio: 10.35
  • Average Days On Market: 62
  • Unemployment Rate: 3.4% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 28,701,845 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $57,051 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 12.13%
  • Foreclosure Rate: 1 in every 3,136

Texas Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Redemption Deed state
  • Interest Rate: 25% for first 6 months
  • *Penalty for redemption after the sale
  • Redemption Period: 2 years prior to sale
  • *6 months after sale for property that is not homesteaded
    *2 years for homestead property and farm land