Farmers Branch First-Time Homebuyer Report for October

Farmers Branch is older than the rest of Texas, with a median age of 35. It's very affluent as well, with a median income of $62,084 per household. The Farmers Branch market is primarily made up of detached homes, currently accounting for 70% overall. Heading the list of top schools in the city is Farmers Branch Elementary School.

Price Range

The median value of homes in Farmers Branch is $112,400, making it one of the most valuable areas in Texas. At the same time, the average list price of available homes is presently $317,701.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Farmers Branch:

$334K   $270K   $270K  

Typical Dwelling

The typical dwelling in Farmers Branch is a three-bedroom detached home worth about $230,837. To purchase a similar home, a buyer with good credit and a $46,167 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,308 monthly payment. The property tax rate is $17.84 per $1,000 of taxable assessed value.

Get started right now by checking out Farmers Branch homes for sale or reviewing Farmers Branch real estate trends.


Data reported through 10/13/2016

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