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.
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