Tool's January First-Time Homebuyer Report

Tool has a cost of living adjustment score of 85.6, which is expensive when compared to others in Texas. Also, the area is considered somewhat affluent with a median income of $39,671 per household. Tool is made up of homes that are considered relatively old with a median of 30 years. Heading the list of top schools in the city is Tool Elementary School.

Price Range

Tool has some of the more expensive homes in the state with a median home value of $89,700 and a current average list price of $200,592. Home sales in the Tool market remained cool in this week's report as they fell 50.0% to one home sold over the last 30 days.

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

$178K   $139K   $224K  

Typical Dwelling

A three-bedroom detached home valued around $250,263 is considered a typical dwelling in Tool. If a buyer was looking for a similar home, they would need good credit and a $50,053 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $419 and the property tax rate is $10.62 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

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