As-is Deals in Petrolia, TX

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13 View this home at N Morgan Street Petrolia TX 76377

3 Bed | 4 Bath | 1,140 Sq. Ft.

9 View this home at S Prairie Avenue Petrolia TX 76377

4 Bed | 3 Bath | 14,000 Sq. Ft.

12 View this home at S Central Avenue Petrolia TX 76377

3 Bed | 2 Bath | 1,100 Sq. Ft.

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Home Value Estimator For Petrolia, TX

There are currently 362 real estate properties in Petrolia, TX, with a median automated valuation model (AVM) price of $112,220.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Petrolia, 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 Petrolia, TX, is $130,801.00, with the most expensive house in Petrolia, TX, topping out at $998,800.00 and the cheapest home in Petrolia, TX, clocking in at $28,028.00. In other words, there’s something for every potential homebuyer or savvy investor in Petrolia, TX!

Rent Prices In Petrolia, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Petrolia, TX, is on a rollercoaster ride. The average rent price in Petrolia, TX, is $1,055.00. Indeed, when looking to rent in Petrolia, TX, you can expect to pay as little as $530.00 or as much as $2,680.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Petrolia, 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.

Top Reasons To Live In Petrolia, TX In 2024

Petrolia is located in Clay, Texas, with an estimated municipal population of 670 residents. All of the best foreclosed homes for sale in Petrolia are located in the following zip code areas on 76377. The estimated population per square kilometer (.62 miles) in Petrolia is 350.

Cost Of Living In Petrolia, TX

So, about how much do homes cost in Petrolia? The most recent median value of resident-owned homes in Petrolia is 53,467. An estimated 87.4 percent of households in Petrolia own their homes, with an average family size of 2.93. The median household income in Petrolia is 35,855, with7.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Petrolia, the median commute time of resident workers (in minutes) is 20.5. And last, but certainly not least, are you looking for homes to rent in Petrolia? If so, the average rent price paid by renters in Petrolia is 425, according to recent statistics.

Diversity And Demographics In Petrolia, 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 Petrolia, 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 Petrolia is 53.2, split between 51.5 percent male versus 48.5 female. The percentage of residents who report being married in Petrolia is 47.1, with an average family size of 2.93.

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

White 96.9%
Black / African American 0.9%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0%

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

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

Under 10 10.7%
Aged 10-19 11.5%
20s 6.1%
30s 6.9%
40s 10.7%
50s 16.7%
60s 11.8%
70s 19.3%
80+ 6.3%

Best Schools In Petrolia, 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 Petrolia with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Petrolia.

Pros And Cons Of Living In Petrolia, Texas

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

  • 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 Petrolia.

Reasons To Move To Petrolia, Texas, In 2024

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

Petrolia, TX As-is Deals


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