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Rent To Own Homes in Mineral Wells, TX

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Riverside-dr-Mineral-wells-TX-76067
Foreclosure
$216,920 EMV

Riverside Dr
Mineral Wells, TX 76067

| 2,460 Sq. Ft.

Sw-10th-st-Mineral-wells-TX-76067
Foreclosure
$130,305 EMV

Sw 10th St
Mineral Wells, TX 76067

2 Bed | 1 Bath | 1,204 Sq. Ft.

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Home Value Estimator For Mineral Wells, TX

There are currently 7,143 real estate properties in Mineral Wells, TX, with a median automated valuation model (AVM) price of $174,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mineral Wells, 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 Mineral Wells, TX, is $218,336.00, with the most expensive house in Mineral Wells, TX, topping out at $4,875,000.00 and the cheapest home in Mineral Wells, TX, clocking in at $40,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Mineral Wells, TX!


Rent Prices In Mineral Wells, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mineral Wells, TX, is on a rollercoaster ride. The average rent price in Mineral Wells, TX, is $1,276.00. Indeed, when looking to rent in Mineral Wells, TX, you can expect to pay as little as $600.00 or as much as $3,280.00, 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 Mineral Wells, 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.


Foreclosure Homes in Mineral Wells, TX

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Mineral Wells, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Mineral Wells, TX and much more. Save thousands at closing with home foreclosure listings in Mineral Wells, TX — up to 75% off market value!


Top Reasons To Live In Mineral Wells, TX In 2021

Mineral Wells is located in Palo Pinto, Texas, with an estimated municipal population of 15,213 residents. All of the best foreclosed homes for sale in Mineral Wells are located in the following zip code areas on Foreclosure.com: 76088 76067 76068. The estimated population per square kilometer (.62 miles) in Mineral Wells is 287.


Cost Of Living In Mineral Wells, TX

So, about how much do homes cost in Mineral Wells? The most recent median value of resident-owned homes in Mineral Wells is 94,672. An estimated 57.7 percent of households in Mineral Wells own their homes, with an average family size of 3.54. The median household income in Mineral Wells is 42,052, with13.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mineral Wells, the median commute time of resident workers (in minutes) is 23.1. And last, but certainly not least, are you looking for homes to rent in Mineral Wells? If so, the average rent price paid by renters in Mineral Wells is 808, according to recent statistics.


Diversity And Demographics In Mineral Wells, Texas

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 Mineral Wells, 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 Mineral Wells is 35, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Mineral Wells is 40.8, with an average family size of 3.54.

The percentage of residents who report their race in Mineral Wells is as follows:

White 87%
Black / African American 4.6%
Asian 1.3%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 1.6%
Other 5%

Looking for family-friendly neighborhoods in and/or near Mineral Wells? Or maybe you are searching for 55+ active adult communities in and/or near Mineral Wells?

The percentage of residents who report their age in Mineral Wells is as follows:

Under 10 13.7%
Aged 10-19 14.4%
20s 15.3%
30s 14.4%
40s 10.4%
50s 10.3%
60s 10.8%
70s 6.9%
80+ 4%

Best Schools In Mineral Wells, Texas

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 Mineral Wells with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mineral Wells.


Pros And Cons Of Living In Mineral Wells, Texas

How do you know that living in -- or moving to -- Mineral Wells is right where you need to be? Perhaps you grew up in Mineral Wells or already live nearby; therefore, the decision to buy a home in Mineral Wells is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mineral Wells 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 Mineral Wells:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mineral Wells.


Reasons To Move To Mineral Wells, Texas, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mineral Wells can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mineral Wells, meanwhile, can field multiple offers from more qualified buyers.

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