Rent To Own Homes in Shallowater, TX

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View this home at 6th St Shallowater TX 79363
$108,188 EMV
6th St
Shallowater, TX 79363
3 |
EST. RENT: $1,241
AUCTION: 05-07-2024
3 |
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Home Value Estimator For Shallowater, TX

There are currently 1,500 real estate properties in Shallowater, TX, with a median automated valuation model (AVM) price of $207,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shallowater, 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 Shallowater, TX, is $243,493.00, with the most expensive house in Shallowater, TX, topping out at $1,851,960.00 and the cheapest home in Shallowater, TX, clocking in at $23,968.00. In other words, there’s something for every potential homebuyer or savvy investor in Shallowater, TX!

Rent Prices In Shallowater, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shallowater, TX, is on a rollercoaster ride. The average rent price in Shallowater, TX, is $1,408.00. Indeed, when looking to rent in Shallowater, TX, you can expect to pay as little as $630.00 or as much as $3,680.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in Shallowater, 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 Shallowater, TX In 2024

Shallowater is located in Lubbock, Texas, with an estimated municipal population of 2,574 residents. All of the best foreclosed homes for sale in Shallowater are located in the following zip code areas on 79363. The estimated population per square kilometer (.62 miles) in Shallowater is 687.

Cost Of Living In Shallowater, TX

So, about how much do homes cost in Shallowater? The most recent median value of resident-owned homes in Shallowater is 156,125. An estimated 73.4 percent of households in Shallowater own their homes, with an average family size of 3.27. The median household income in Shallowater is 68,529, with33.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Shallowater, the median commute time of resident workers (in minutes) is 19.6. And last, but certainly not least, are you looking for homes to rent in Shallowater? If so, the average rent price paid by renters in Shallowater is 922, according to recent statistics.

Diversity And Demographics In Shallowater, 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 Shallowater, 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 Shallowater is 35, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Shallowater is 60.3, with an average family size of 3.27.

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

White 91.3%
Black / African American 0.9%
Asian 0%
American Indian / Alaskan Native 2.9%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 3.3%

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

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

Under 10 18.4%
Aged 10-19 15%
20s 11.5%
30s 15.2%
40s 13.6%
50s 5.7%
60s 10.7%
70s 6.5%
80+ 3.5%

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

Pros And Cons Of Living In Shallowater, Texas

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

  • 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 Shallowater.

Reasons To Move To Shallowater, 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 Shallowater can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Shallowater, meanwhile, can field multiple offers from more qualified buyers.

Shallowater, TX Rent To Own Homes


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