Armstrong, TX

Armstrong is a small town located in central Texas. The population of Armstrong was just over 2,000 in 2010. Armstrong is home to several businesses and industries, including agriculture, oil and gas production, and manufacturing. Real estate is one of the main economic drivers in Armstrong.

The real estate market in Armstrong is characterized by moderate growth rates and stable prices. The average sale price for homes in Armstrong was $128,000 in 2016. The demand for housing in Armstrong is driven by the strong economy and low unemployment rates. There are currently about 100 homes available for sale in Armstrong.

The most popular type of real estate investment in Armstrong is single-family homes. Single-family homes accounted for almost two-thirds (64%) of all sales transactions during 2016. This indicates that there is strong demand for housing in the town, especially among families who want to live close to their work or school locations.

Another important factor driving the demand for real estate in Armstrong is the low rate of homeownership among residents here. Only about one-third (34%) of households own their homes here, which means that there are a lot of potential buyers who are looking to invest their money into property here instead of owning a house outright. This trend may continue as more people move to Armstrong from other areas where homeownership rates are higher, such as Dallas or Houston metropolitan areas.