There are currently 6,894 real estate properties in Canyon, TX, with a median automated valuation model (AVM) price of $236,753.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Canyon, 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 Canyon, TX, is $285,593.00, with the most expensive house in Canyon, TX, topping out at $5,490,000.00 and the cheapest home in Canyon, TX, clocking in at $18,675.00. In other words, there’s something for every potential homebuyer or savvy investor in Canyon, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Canyon, TX, is on a rollercoaster ride. The average rent price in Canyon, TX, is $1,262.00. Indeed, when looking to rent in Canyon, TX, you can expect to pay as little as $560.00 or as much as $2,860.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Canyon, 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.
Canyon is located in Randall, Texas, with an estimated municipal population of 15,945 residents. All of the best foreclosed homes for sale in Canyon are located in the following zip code areas on Foreclosure.com: 79016 79015. The estimated population per square kilometer (.62 miles) in Canyon is 872.
So, about how much do homes cost in Canyon? The most recent median value of resident-owned homes in Canyon is 162,427. An estimated 54.9 percent of households in Canyon own their homes, with an average family size of 3.21. The median household income in Canyon is 60,171, with26.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Canyon, the median commute time of resident workers (in minutes) is 21.2. And last, but certainly not least, are you looking for homes to rent in Canyon? If so, the average rent price paid by renters in Canyon is 844, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Canyon, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Canyon is 26.3, split between 46.6 percent male versus 53.4 female. The percentage of residents who report being married in Canyon is 41.7, with an average family size of 3.21.
The percentage of residents who report their race in Canyon is as follows:
| White | 88.7% |
| Black / African American | 2.5% |
| Asian | 1.7% |
| American Indian / Alaskan Native | 0.5% |
| Native Hawaiian / Other Pacifc Islander | 0.4% |
| Multi-racial | 3.6% |
| Other | 2.5% |
Looking for family-friendly neighborhoods in and/or near Canyon? Or maybe you are searching for 55+ active adult communities in and/or near Canyon?
The percentage of residents who report their age in Canyon is as follows:
| Under 10 | 11.9% |
| Aged 10-19 | 17.4% |
| 20s | 25.6% |
| 30s | 11% |
| 40s | 11.8% |
| 50s | 7.9% |
| 60s | 8.6% |
| 70s | 3.7% |
| 80+ | 2% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Canyon with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Canyon.
How do you know that living in -- or moving to -- Canyon is right where you need to be? Perhaps you grew up in Canyon or already live nearby; therefore, the decision to buy a home in Canyon is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Canyon for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Canyon:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Canyon.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Canyon can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Canyon, meanwhile, can field multiple offers from more qualified buyers.
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