Castle Hills appreciation rates and housing market information

Castle Hills housing market information

With a population of 4,202, 1,930 total housing units (homes and apartments), and a median house value of $260,199, Castle Hills real estate is some of the most expensive in Texas, although Castle Hills home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Castle Hills, accounting for 76.99% of the city's housing units. Other types of housing that are prevalent in Castle Hills include large apartment complexes or high rise apartments (18.81%), duplexes, homes converted to apartments, or other small apartment buildings (3.01%), and a few row houses and other attached homes (0.88%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Castle Hills. Owner-occupied housing accounts for 72.23% of Castle Hills's homes, and 64.71% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Castle Hills's housing was primarily built during this period, from the '40s through the '60s. A full 73.37% of the city's housing hails from this era. Other housing ages represented in Castle Hills include homes built between 1970-1994 (22.23%), and housing constructed from 1939 and earlier (3.62%). There's also some housing in Castle Hills built between 1995 and later (.78%).

Castle Hills home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Castle Hills, where house values have increased just 39.27%, which is an average annual increase of 3.92%. NeighborhoodScout's data show that in the latest quarter, Castle Hills house values appreciated 0.07%, which is an annualized rate of 0.28%. This rate is lower than the appreciation rate found in 60% of the cities and towns in America.

Over the last year, Castle Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Castle Hills's appreciation rate has been -0.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Castle Hills were at 0.07%, which equates to an annual appreciation rate of 0.28%.

Relative to Texas, our data show that Castle Hills's latest annual appreciation rate is higher than 3% of the other cities and towns in Texas.