January's First-Time Homebuyer Report for Palo Pinto County

With 28,111 residents, Palo Pinto County is a larger than average county in Texas. Also, with a 4.0% increase over the last 10 years, its population is growing about even with other parts of the state. Its three largest cities are Mineral Wells, Strawn, and Graford. Palo Pinto County is an area where 50.4% of the homes are owned, while 21.1% are rented. The best school in the county is Palo Pinto Elementary School.

Price Range

The median value of homes in Palo Pinto County is $68,400, making the area almost identical to others in Texas. At the same time, the average list price of available homes is presently $123,773. The most expensive places to live are Mingus and Gordon. Over the last 30 days, 19 homes were sold in the Palo Pinto County market, down 5.0%. Additionally, the market is still in an established downward trend overall.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Palo Pinto County:

$1.3M   $105K   $224K  

Typical Dwelling

The typical dwelling in Palo Pinto County is a three-bedroom detached home worth about $309,859. To purchase a similar home, a buyer with good credit and a $61,972 cash down payment could obtain a mortgage with a 3.95% interest rate and a $770 monthly payment. The property tax rate is $13.15 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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