There are currently 25,110 real estate properties in Galveston, TX, with a median automated valuation model (AVM) price of $370,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Galveston, 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 Galveston, TX, is $467,657.00, with the most expensive house in Galveston, TX, topping out at $6,971,300.00 and the cheapest home in Galveston, TX, clocking in at $13,803.00. In other words, there’s something for every potential homebuyer or savvy investor in Galveston, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Galveston, TX, is on a rollercoaster ride. The average rent price in Galveston, TX, is $1,600.00. Indeed, when looking to rent in Galveston, TX, you can expect to pay as little as $630.00 or as much as $4,480.00, with the average rent median estimated to be $1,330.00. The good news is that finding an affordable and desirable property to rent in Galveston, 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.
Galveston is located in Galveston, Texas, with an estimated municipal population of 50,446 residents. All of the best foreclosed homes for sale in Galveston are located in the following zip code areas on Foreclosure.com: 77551 77550 77554 77552 77553 77555. The estimated population per square kilometer (.62 miles) in Galveston is 473.
So, about how much do homes cost in Galveston? The most recent median value of resident-owned homes in Galveston is 181,359. An estimated 43.9 percent of households in Galveston own their homes, with an average family size of 3. The median household income in Galveston is 49,319, with21.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Galveston, the median commute time of resident workers (in minutes) is 20.2. And last, but certainly not least, are you looking for homes to rent in Galveston? If so, the average rent price paid by renters in Galveston is 991, 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 Galveston, 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 Galveston is 38.9, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in Galveston is 37.9, with an average family size of 3.
The percentage of residents who report their race in Galveston is as follows:
| White | 76.2% |
| Black / African American | 16.9% |
| Asian | 2.8% |
| American Indian / Alaskan Native | 0.5% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 2.5% |
| Other | 1.1% |
Looking for family-friendly neighborhoods in and/or near Galveston? Or maybe you are searching for 55+ active adult communities in and/or near Galveston?
The percentage of residents who report their age in Galveston is as follows:
| Under 10 | 9.5% |
| Aged 10-19 | 10.5% |
| 20s | 18.3% |
| 30s | 13.3% |
| 40s | 10.7% |
| 50s | 14.7% |
| 60s | 12.8% |
| 70s | 6.8% |
| 80+ | 3.4% |
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 Galveston with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Galveston.
How do you know that living in -- or moving to -- Galveston is right where you need to be? Perhaps you grew up in Galveston or already live nearby; therefore, the decision to buy a home in Galveston is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Galveston 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 Galveston:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Galveston.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Galveston can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Galveston, meanwhile, can field multiple offers from more qualified buyers.
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