Copperas Cove appreciation rates and housing market information

Copperas Cove housing market information

With 29,998 people, 11,218 houses or apartments, and a median cost of homes of $116,502, house prices in Copperas Cove are solidly below the national average.

single-family detached homes are the single most common housing type in Copperas Cove, accounting for 70.12% of the city's housing units. Other types of housing that are prevalent in Copperas Cove include duplexes, homes converted to apartments, or other small apartment buildings (11.62%), large apartment complexes or high rise apartments (11.07%), mobile homes or trailers (4.15%), and a few row houses and other attached homes (2.67%).

The most prevalent building size and type in Copperas Cove are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 49.68% owning, and 42.74% renting.

There is a lot of housing in Copperas Cove built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Copperas Cove built from 1940-1969 (21.28%). A lesser amount of the housing stock also hails from 1995 and later (14.31%), and some were built from 1939 and earlier (14.31%).

Copperas Cove home appreciation rates

Copperas Cove's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Copperas Cove during the period has been just 4.93%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Copperas Cove home appreciation rates, at 2.04%, have been at or slightly above the national average. In the latest quarter, Copperas Cove's appreciation rate has been -0.30%, which annualizes to a rate of -1.20%.

Relative to Texas, our data show that Copperas Cove's latest annual appreciation rate is higher than 22% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Copperas Cove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Copperas Cove - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Copperas Cove real estate investment or home purchase decisions.