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Spring Texas Real Estate - Real Estate in Spring, Texas

month average city homes

The city of Spring, Texas, located in Harris County, is approximately 24-square miles in size. The relative location of the city puts it about 20 miles north of Houston. The job and real estate market in Harris County, specifically in the city of Spring, seems to have a great outlook on the horizon. ExxonMobil just announced the opening of a new corporate campus within the boundary of Harris County. Currently, there are many affordable properties that can be either bought or rented depending on your situation. The population density is a relatively low 1,740 people/square mile, which leads one to conclude that there is plenty of room for expansion in this part of Texas.

The housing market in Spring has seen a recent decline both in terms of the number of sales and in the median price paid for a home. In 2006, the average number of homes sold per month was around 1,000. However, 2009’s home sales per month were averaging approximately 500 per month. 2009 also saw a great reduction in the median price paid for a home on the market. At $160,000, the value of these homes have fallen almost $55,000 from their all-time high of $215,000. The median rent that a person can expect to pay for an apartment/condo is approximately $850/month.

A disproportionate number of homes were built in Spring, Texas during the big oil boom of the 1970s and 1980s. Prospective homeowners will generally see a modernized, sprawling ranch-style home for sale in Spring. The average house comes with three bedrooms and one-and-a-half to two bathrooms. Apartments and condos, on the other hand, average three bedrooms and one bathroom, which puts their average number of bedrooms in a rental property above the national average.

Most homes in the Spring area can be found for anywhere between $90,000 and $175,000, while the typical rent per month usually ranges from $800 to $1,250 per month. The city of Spring also serves as a suburb of the Houston area, as evidenced by the average 20-30 minute commute that each resident in Spring averages.

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