Boerne, TX Real Estate Trends 2016
Families looking to enjoy the beauty of a Hill Country lifestyle are searching more and more for places like Boerne, TX. Evidenced by the steady population growth, up 51 percent in the past ten years, more and more home buyers are opting for the short 23 minute commute (a few minutes below the national average) to work in San Antonio vs. big city living. Home ownership is a priority in this community as well with 69 percent of the population owning their own home.
For new home buyers looking for new homes for sale in Boerne, TX, there is an upward trend in home prices with the current median sale price of new homes around $359,900. New home sales are up since the beginning of 2016 with 42 homes sold and the median list price in the 78006 zip code is around $465,000 for new homes.
Another reason that buyers are looking to this area just outside of new homes San Antonio is the average home size available. The median square footage of homes for sale in Boerne, TX is 2,938 square foot and on average homes feature 4 bedrooms and 3 bathrooms, perfect for growing families.
Boerne is known to be a family-friendly community with 39.1 percent of households containing married families with children. Plus, the top rated Boerne Independent School District, ranked 19th in the state of Texas by Niche’s 2016 School Rankings, offers exemplary education with a 10.9:1 student ratio well above the 15.3:1 national average.
Homes in this area appreciated in value 6.3 percent from last year and homes bought 5 years ago have appreciated 10.5 percent. As this trend continues buying a new home this year will see your investment continue to grow. And best of all, it’s a buyer’s market in Boerne with a number of new homes and new construction options available. Now is a great time to explore living in Boerne with 6-9 months of inventory to choose from.