Galveston - Reasons to Buy Real Estate Here
Where can I buy a beach house in Texas?
Galveston has very affordable home prices where the median is just over $220,000, which is only 10% higher than the average property price in Texas.
Is it a good real estate investment to buy a beach house in Galveston?
Currently this is a seller's market and is considered one of the hottest markets in Texas. Home prices have risen the past year by 3.6%. The forecast is that home prices will continue to increase by 1%.
Galveston, Texas is a beach town that has been overshadowed by much larger cities like Houston. Yet it is much more affordable than other Gulf Coast cities. Galveston is know as one of Texas' top tourist destinations. It is a coastal resort city with sandy beaches and a rich cultural heritage.
The Galveston tourism sector is a major contributor to the local local economy bringing in millions of dollars every year. The city of Galveston is home to less than a hundred thousand people. However, the Houston metro area has expanded so that its suburbs like Sugarland are part of the larger metro area. Today, Galveston Bay is encompassed by Greater Houston.