There are currently 798 real estate properties in Lone Star, TX, with a median automated valuation model (AVM) price of $90,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lone Star, 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 Lone Star, TX, is $128,041.00, with the most expensive house in Lone Star, TX, topping out at $2,236,500.00 and the cheapest home in Lone Star, TX, clocking in at $23,670.00. In other words, there’s something for every potential homebuyer or savvy investor in Lone Star, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lone Star, TX, is on a rollercoaster ride. The average rent price in Lone Star, TX, is $1,015.00. Indeed, when looking to rent in Lone Star, TX, you can expect to pay as little as $490.00 or as much as $2,040.00, with the average rent median estimated to be $980.00. The good news is that finding an affordable and desirable property to rent in Lone Star, 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.
Lone Star is located in Morris, Texas, with an estimated municipal population of 1,482 residents. All of the best foreclosed homes for sale in Lone Star are located in the following zip code areas on Foreclosure.com: 75668 75636. The estimated population per square kilometer (.62 miles) in Lone Star is 289.
So, about how much do homes cost in Lone Star? The most recent median value of resident-owned homes in Lone Star is 106,028. An estimated 53 percent of households in Lone Star own their homes, with an average family size of 2.83. The median household income in Lone Star is 36,792, with11 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lone Star, the median commute time of resident workers (in minutes) is 25. And last, but certainly not least, are you looking for homes to rent in Lone Star? If so, the average rent price paid by renters in Lone Star is 686, 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 Lone Star, 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 Lone Star is 34.5, split between 44.9 percent male versus 55.1 female. The percentage of residents who report being married in Lone Star is 52.7, with an average family size of 2.83.
The percentage of residents who report their race in Lone Star is as follows:
White | 70.2% |
Black / African American | 17.6% |
Asian | 0.9% |
American Indian / Alaskan Native | 0.9% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 3.2% |
Other | 7.2% |
Looking for family-friendly neighborhoods in and/or near Lone Star? Or maybe you are searching for 55+ active adult communities in and/or near Lone Star?
The percentage of residents who report their age in Lone Star is as follows:
Under 10 | 16.7% |
Aged 10-19 | 12.8% |
20s | 14.7% |
30s | 15.2% |
40s | 10.5% |
50s | 8.7% |
60s | 11.6% |
70s | 5.3% |
80+ | 4.7% |
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 Lone Star with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lone Star.
How do you know that living in -- or moving to -- Lone Star is right where you need to be? Perhaps you grew up in Lone Star or already live nearby; therefore, the decision to buy a home in Lone Star is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lone Star 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 Lone Star:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lone Star.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lone Star can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lone Star, meanwhile, can field multiple offers from more qualified buyers.
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