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There are currently 17 real estate properties in Pelican Bay, TX, with a median automated valuation model (AVM) price of $438,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pelican Bay, 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 Pelican Bay, TX, is $612,385.00, with the most expensive house in Pelican Bay, TX, topping out at $1,928,193.00 and the cheapest home in Pelican Bay, TX, clocking in at $51,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Pelican Bay, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelican Bay, TX, is on a rollercoaster ride. The average rent price in Pelican Bay, TX, is $1,562.00. Indeed, when looking to rent in Pelican Bay, TX, you can expect to pay as little as $620.00 or as much as $2,790.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Pelican Bay, 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.
Pelican Bay is located in Tarrant, Texas, with an estimated municipal population of 2,005 residents. All of the best foreclosed homes for sale in Pelican Bay are located in the following zip code areas on Foreclosure.com: 76020. The estimated population per square kilometer (.62 miles) in Pelican Bay is 1,155.
So, about how much do homes cost in Pelican Bay? The most recent median value of resident-owned homes in Pelican Bay is 68,479. An estimated 62.2 percent of households in Pelican Bay own their homes, with an average family size of 3.56. The median household income in Pelican Bay is 43,359, with8.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pelican Bay, the median commute time of resident workers (in minutes) is 36.2. And last, but certainly not least, are you looking for homes to rent in Pelican Bay? If so, the average rent price paid by renters in Pelican Bay is 861, 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 Pelican Bay, 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 Pelican Bay is 35, split between 49.5 percent male versus 50.5 female. The percentage of residents who report being married in Pelican Bay is 44.2, with an average family size of 3.56.
The percentage of residents who report their race in Pelican Bay is as follows:
| White | 96.3% |
| Black / African American | 0.4% |
| Asian | 0.4% |
| American Indian / Alaskan Native | 0.8% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 1.6% |
| Other | 0.6% |
Looking for family-friendly neighborhoods in and/or near Pelican Bay? Or maybe you are searching for 55+ active adult communities in and/or near Pelican Bay?
The percentage of residents who report their age in Pelican Bay is as follows:
| Under 10 | 16.4% |
| Aged 10-19 | 11.4% |
| 20s | 17.9% |
| 30s | 8.7% |
| 40s | 13.1% |
| 50s | 16.1% |
| 60s | 7.2% |
| 70s | 7.2% |
| 80+ | 1.9% |
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 Pelican Bay with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Pelican Bay.
How do you know that living in -- or moving to -- Pelican Bay is right where you need to be? Perhaps you grew up in Pelican Bay or already live nearby; therefore, the decision to buy a home in Pelican Bay is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Pelican Bay 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 Pelican Bay:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Pelican Bay.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Pelican Bay can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Pelican Bay, meanwhile, can field multiple offers from more qualified buyers.
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