Discover Corpus Christi Real Estate | Where and Why to Invest in Corpus Christi?
Автор: TikTak Houses
Загружено: 2020-04-19
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Located in the coastal region of South Texas, Corpus Christi is the 8th most populous city of the state. With the 5th largest port in the US, the city is highly dependent on the oil industry. With the tourism market growing strong, Corpus Christi hosts 8M visitors every year.
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The city also has a massive student populace, making it an attractive investment spot. Due to the growing job market and an influx of manpower, affordable housing units are in high demand. Having doubled within a year, property in Corpus Christi is growing in value.
Depending on the location, prices vary between $980 and $1,400/sqm. With a record number of tourists, vacation homes and hotels turn good returns for investors. Rents in the city center range from $945 to $1,300/month, with no big difference from the outskirts - $930 - $1,265/month.
City Center – An affordable area largely populated by students. The median household price is $70,277, with monthly rents standing at $995.
Airline Rd/Wooldridge Rd – A crowded area with apartment complexes and single-family homes. The average price for a home is $201,470, while rents are relatively higher - $1,526/month.
Yorktown Blvd/Starry Rd – A family-friendly area undergoing new constructions. With $193,191 median property price, rental prices are higher than almost elsewhere in Texas - $2,616/month.
With a trend of growing demand and price appreciation, Corpus Christi is a BUY
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