There are currently 9,361 real estate properties in Big Spring, TX, with a median automated valuation model (AVM) price of $137,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Big Spring, 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 Big Spring, TX, is $166,601.00, with the most expensive house in Big Spring, TX, topping out at $3,676,800.00 and the cheapest home in Big Spring, TX, clocking in at $18,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Big Spring, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Big Spring, TX, is on a rollercoaster ride. The average rent price in Big Spring, TX, is $1,020.00. Indeed, when looking to rent in Big Spring, TX, you can expect to pay as little as $490.00 or as much as $2,320.00, with the average rent median estimated to be $960.00. The good news is that finding an affordable and desirable property to rent in Big Spring, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Big Spring, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Big Spring, TX and much more. Save thousands at closing with home foreclosure listings in Big Spring, TX — up to 75% off market value!
Big Spring is located in Howard, Texas, with an estimated municipal population of 28,187 residents. All of the best foreclosed homes for sale in Big Spring are located in the following zip code areas on Foreclosure.com: 79720 79721. The estimated population per square kilometer (.62 miles) in Big Spring is 569.
So, about how much do homes cost in Big Spring? The most recent median value of resident-owned homes in Big Spring is 89,934. An estimated 58.2 percent of households in Big Spring own their homes, with an average family size of 3.6. The median household income in Big Spring is 52,275, with18.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Big Spring, the median commute time of resident workers (in minutes) is 17.4. And last, but certainly not least, are you looking for homes to rent in Big Spring? If so, the average rent price paid by renters in Big Spring is 879, 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 Big Spring, 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 Big Spring is 35.3, split between 56 percent male versus 44 female. The percentage of residents who report being married in Big Spring is 37.9, with an average family size of 3.6.
The percentage of residents who report their race in Big Spring is as follows:
|Black / African American||6.3%|
|American Indian / Alaskan Native||1.3%|
|Native Hawaiian / Other Pacifc Islander||0.1%|
Looking for family-friendly neighborhoods in and/or near Big Spring? Or maybe you are searching for 55+ active adult communities in and/or near Big Spring?
The percentage of residents who report their age in Big Spring is as follows:
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 Big Spring with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Big Spring.
How do you know that living in -- or moving to -- Big Spring is right where you need to be? Perhaps you grew up in Big Spring or already live nearby; therefore, the decision to buy a home in Big Spring is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Big Spring 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 Big Spring:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Big Spring.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Big Spring can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Big Spring, meanwhile, can field multiple offers from more qualified buyers.
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