According to statistics, the population in Tyler, TX amounts to 102,561, which shows decline 1% compared to the previous year. The median age of the city’s residents is 33. The average household income is $46,463, shifting growth 4% from the past year, and the average property value in Tyler, TX growth 4% to $145,400 throughout the year.
|Number Of Employees||45,986|
|Median Property Value||$145,400|
The average household income in Tyler, TX grew from $44,507 to $46,463 in the past year. This data is an estimate based upon 36,685 households in Tyler, TX . The chart below presents how household income is distributed in Tyler, TX in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Tyler, TX shifted from $140,000 to $145,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Tyler, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Tyler, TX properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Tyler, TX compared to median property taxes around the country. The prevalent amount of property taxes in Tyler, TX equals $3000, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$604,933||+108.3%|
|1 bed for sale||$509,000||+393.4%|
|2 bed for sale||$273,740||+2%|
|3 bed for sale||$314,182||-3.7%|
|4+ bed for sale||$537,404||-6.9%|
During Jul 2022, the average price for an apartment in/near Tyler, TX decreased by 4.4% to $419,863.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 393.4% to $509,000. Asking price for 2-bed apartment also increased by 2% and a place of this size will now cost you $273,740. A 3-bed apartment goes for $314,182, it decreased by 3.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 6.9% and made it down to $537,404.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$387,639||-13.6%|
|Condos for sale||$497,828||+89.1%|
|Land for sale||$678,187||+65.9%|
|Other for sale||$462,750||-36.2%|
|Duplexes for sale||$269,633||-29.9%|
|Apartments for sale||$141,600||-23.5%|
|Townhouses for sale||$248,000||N/A|
The average cost of an apartment in Tyler, TX decreased by 23.5% to $141,600. Price reports demonstrate that house price decreased by 13.6% this month making it up to $387,639. Condos are really in demand in this season. The median price for a condo increased by 89.1%, it’s now available for $497,828. You can now purchase a duplex for just $269,633, duplex price decreased by 29.9% this month. Value of the townhouses didn’t change, the price still starts at $248,000.