Timberwood Park, Texas Real Estate & Housing Market

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Timberwood Park Housing Information

Index	Timberwood Park	Texas	National
Median home price	$294,000	$142,700	$184,700
Median rent asked	$1,512	$911	$949
Avg. people per household	3.2	2.8	2.6
Owner occupied households	81.4%	61.9%	63.6%
Renter occupied households	18.6%	38.1%	36.4%

The above shows an overview of the real estate market in Timberwood Park, TX. Note how the median home price for Timberwood Park, TX runs $294,000, which is 106% higher than the average property price for Texas. So you’re going to get real estate in Timberwood Park, TX that is on-average less affordable than what you’ll find in the rest of Texas. As for rent, the median for Timberwood Park, TX runs $1,512, which is comparatively 66% higher than the average rent for Texas. For Timberwood Park, TX, about 81.4% of the population consist of home owners with about 3.2 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Timberwood Park, TX offers a wide variety of real estate. To find your perfect home in Timberwood Park, TX, filter your choice by price, location, and number of beds and baths using the search area above.

Timberwood Park Home Affordability

When deciding where to purchase Timberwood Park, TX real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Timberwood Park, TX the median home price is $294,000 and $110,440 is the median household income. As a result, the home price to income ratio in Timberwood Park, TX is 2.7x, which is 2% higher than the Texas average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Timberwood Park, TX the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Timberwood Park, TX.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Randolph AFB, TX	1,123	$0	100%
Balcones Heights, TX	3,017	$100,600	46%
Live Oak, TX	15,021	$123,500	33%
Converse, TX	21,169	$133,300	28%
Leon Valley, TX	10,990	$147,000	20%
Timberwood Park, TX	26,388	$294,000	59%

Cities with similar population

City, State	Population	Home Price	National Avg.
Paradise, CA	26,396	$200,900	9%
Wethersfield, CT	26,396	$246,200	33%
Wakefield, MA	26,399	$433,000	134%
Batavia, IL	26,413	$278,600	51%
Lemon Grove, CA	26,421	$346,400	88%
Timberwood Park, TX	26,388	$294,000	59%

Source: The Timberwood Park, TX housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).