What's The Average Home Value In THE WOODLANDS, TX?
By Cynthia Ramirez
Published: Oct 20, 2022
Texas is the place for you. ‘’The Lone Star State” is the place to be if you want to experience a highly affordable cost of living, a strong economy, a tax-free income, and multiple career opportunities. The Woodlands should be on top of your list when choosing a place to live in Texas.
The Woodlands, TX, is a special-purpose district, providing a wooded oasis of modern living placed outside the center of Houston. The Woodlands is in Montgomery County, with sections extending into Harris County. The city is suitable for families and offers multiple facilities to newcomers, like a highly-rated education system, industry diversity, low crime rate, and a well-developed healthcare system. The city was rated the #1 "Best City to Live in America" consecutively in 2021 and 2022 by Niche. It is also in the top 100 for Best Suburbs to Live in America, Healthiest Cities in America, Healthiest Places to Live in America, and Best Cities for Young Professionals in America. I bet this sounds interesting, and we managed to catch your interest in buying a property there.
The Woodlands, TX, is home to more than 114,000 people and nearly 2,400 businesses and corporations, providing jobs for almost 63,000 employees. It creates an opportunity for newcomers who can easily find employment.
Below, I will offer you some more helpful information about the real estate market and the average home value in The Woodlands, TX.
Real estate market in The Woodlands, Texas
The Woodlands is an attractive place to live. It has a combination of great housing options in its nine Villages and plenty of parks, excellent schools, and retail shopping choices.
The real estate market in The Woodlands, TX, is very competitive, scoring 82 out of 100. From 2021-22, the average market value of properties increased by 29.8% and 21% in Montgomery and Harris counties. County appraisal districts provide this information. The increase in appraised values is a result of many factors, according to officials. They say there is a great demand for homes in Texas but a low inventory of homes to purchase. Property values are increasing faster than the median incomes across Harris and Montgomery counties. Still, in The Woodlands, Texas, the situation is not that critical but adjusting to the times. Now might be an excellent opportunity to buy a property in the area, considering the prices are constantly growing, and a decrease is not expected soon.
Average home value in Woodlands, Texas
The Woodlands, Texas, has a booming housing market. It offers multiple options suitable for different budgets. When buying a house, home value is an important aspect influencing the decision. Several factors influence the home value. We can name the property's location, home size and usable space, age and condition, upgrades and updates, and the local market among them. The average sale price of a home in The Woodlands was $525K, experiencing a growth of 30.3% since last year. The average sale price per square foot in The Woodlands is $195, up 16.8% compared to the previous year. Several factors influence this growth. Among them, we can name the inflation rate across the country, the increasing costs for raw materials, and the current economic situation.
The home value in The Woodlands, TX, is above average compared to the national median home value. The difference reflects the quality of living in the area. You can experience a dense suburban feel here, the city offering many amenities and facilities.
If you are in the market to buy, sell or rent a home in The Woodlands, Texas, feel free to reach out to me directly. I look forward to providing you with the available properties and more information about the pros and cons of moving to the area.