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Temple real estate market overview
- Average Monthly Rent: $1,136
- Home Price/Value Percentage Change: 7.80%
- Median Home Value: $254,001
- Best Time To Sell a Home: May
- Affordability Index: Moderate
- Days To Sell a House: 57
- Job Market: Fair
- Public School Ranking: 27
Location and weather
Temple is a small military city in east-central Texas, between Dallas and Austin. It sits at the intersection of Highway 35, and is in the northeastern part of Bell County. Temple is described as the perfect balance between family-friendly living and life in the big city. Ideal location, low crime rates, and plenty of opportunity for employment, entertainment, and leisure are some of what makes Temple so desirable for potential new residents.
Temple has very high temperatures in August and very low lows in the winter, although there's rarely more than 0.1 inches of snow annually.
Population, job market and cost of living
Temple has a population of 86,864, with a growth rate of 1.87% annually.
The job market here has decreased by -2.75% over the last year. In ten years, job growth is predicted to be 37.72%. Both entrepreneurs and corporate headquarters makeup Temple's economy, with industries such manufacturing, business, support services, health and life sciences, as well as logistics and distribution dominating the job market here. Some of the largest employers include McLane, CEFCO Convenience Stores, Texas Hydraulics, MW Builders and Miller Spring Materials LLC.
Overall, Temple is an inexpensive city to live in, with exceedingly low housing and transportation expenses.
Temple real estate market details
- Temple Historic District
- Crestview
- Freeman Heights
- Tal Coe Place
- Temple Medical Education District
The average monthly rent in Temple is $1,136 for an average apartment size of 848 sq. feet.
There has been a 7.8% increase in Temple's median home value over the last year. As of 2023, the median home value is $254,001.
On average, homes in Temple sell after 57 days on the market.
Sales in the month of May will provide home owners with the most profitable sale, while sales in August will provide homeowners with the quickest sale.
The affordability index in Temple is 84. This number indicates moderate affordability in this city.
The top ranked public schools are Joe M Pirtle Elementary, Lake Belton Middle, Charter Oak Elementary, Tarver Elementary, High Point Elementary, and Temple College. This information is based on data from The US Department of Education, The US Census Bureau and the Texas Education Agency.