




$275,000
5520 S 31st Street, Temple, TX, 76502
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About this property
Discover the perfect blend of space, location, and opportunity with this 3 bedroom, 2.5 bath home situated on nearly an acre in Temple. Enjoy the convenience of being just minutes from retail shopping, grocery stores, schools, and restaurants while experiencing the privacy and charm of a country-style setting. This property is priced to give the next owner room to get creative and truly make it their own. Whether you’re envisioning cosmetic updates, a full transformation, or a long-term investment, the potential to build instant equity is undeniable. Even more, there may be an opportunity to explore commercial rezoning with the city, opening the door for a unique neighborhood business or live/work concept. If you’ve been searching for a property priced below market value with flexibility, space, and upside potential, this is your chance to turn vision into value.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Temple
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