Irrespective of mounting house selling prices and a restricted stock of houses, Wichita Falls is one particular of the most cost-effective housing markets in the U.S.
The ranking will come from Insurify, a Massachusetts firm that specializes in insurance policies products and solutions comparisons.
The listing is based on information from real estate agent.com and exhibits the median property listing selling price in this article in 2021 is $149,850, which is fewer than half of the national normal of $346,162.
Wichita Falls real estate agents report that low housing charges blended with small desire rates and total minimal cost of living in this article has prompted a surge in household income that has resulted in a scarcity of properties on the industry.
Some of the metropolitan areas with lower housing expenditures are in the higher Midwest and suffer from frustrated economies.
Wichita Falls has just one serious competitor shut by — Lawton. The southwest Oklahoma city has a median listing selling price of $109,783, inserting it No.4 on the record for cheap housing.
Insurify reported residences in Wichita Falls remain on the sector an normal of 55 days just before offering. True estate agents mentioned that quantity has narrowed just lately as potential consumers scramble to make specials. The agents mentioned numerous Wichita Falls properties offer within just a number of days of listing and generally at or above asking price.
Muncie, Ind. has the lowest priced housing at $85,217 median house listing value, which is 75 % down below the countrywide regular.
The most expensive spot to stay is Santa Maria, California, where the average dwelling sells for $2,523,883,