Killeen, Texas

Killeen, Texas has a median home value of $114,600. In Killeen, the value of houses has increased 3.8 percent in the last year. There has been the forecast that house prices will increase 2.1 percent in the following year.

Compared to other areas of the country, this is a lower increase in the value of real estate. The good news is that this makes it easier for aspiring home purchasers to be able to afford to purchase a home.

Those who aspire to purchase a home, yet find it a financial challenge to do it, need to get on a program to save money and perhaps increase their income. It’s probably not going to be easy, but it can be so worthwhile to get a home to avoid the increase of rent rates. There is the possibility that rent could double in 10 years.

In Killeen, per square foot median list cost is $80. The metro area of Killeen has a higher per square foot list cost median of $90.

In the city of Killeen, $153,000 is the house cost median of homes presently listed. Killen has a rent cost median of $975. The metro area of Killen has a higher rent cost median of $1,000.

The median annual household income for the Killeen-Temple-Fort Hood, Texas metro area is $52,202.

The foreclosure rate in any area is an important economic factor affecting real estate. The higher the rate of foreclosure, the lower the value of real estate, for any particular area.

The recession of 2008 had a very big impact on real estate value. In the USA real estate values decreased a greater amount than 20 percent.

A valuable step to take when purchasing a home is to check what the foreclosure rate is connected to the area your property is in. If for example, the area the home you are looking at has a high foreclosure rate, it’s important to find out why. It may influence your decision to buy, or it might influence the amount of money you offer for the property you are selecting.

The first thing that occurs in the process of foreclosure is mortgage delinquency. How is mortgage delinquency defined? Mortgage delinquency happens if a homeowner neglects to make a payment on their home mortgage.

2.9 percent is the percentage of mortgage delinquencies in Killeen, Texas. The United States of America has a lower mortgage delinquency rate of 1.6 percent.