Hondo First-Time Homebuyer Report for October

Hondo is a city that is growing faster than others in Texas at a 10-year growth rate of 13.6%. It also has a larger than average population of 8,803 people. Homes in Hondo are relatively old with a median age of 32 years. The top schools in the city are McDowell Middle School and Hondo High School.

Culture

If you are interested in the good places to eat in Hondo, Foursquare says that Billy Bob's Hamburgers is the most popular restaurant.

Price Range

The housing prices of Hondo are close to the state average with a median home value of $85,500 and a current average list price of $176,827. Fewer sellers put their homes up for sale in the Hondo market over the last 30 days and the number of new listings fell this week to three. Home sales remained unchanged from the prior period and once again five homes were sold.

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

$295K   $107K   $189K  

Typical Dwelling

The typical dwelling in Hondo is a three-bedroom detached home worth about $134,578. To purchase a similar home, a buyer with good credit and a $26,916 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,230 monthly payment. The property tax rate is $13.30 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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