Farmers Branch appreciation rates and housing market information

Farmers Branch housing market information

With 28,325 people, 10,220 houses or apartments, and a median cost of homes of $154,096, Farmers Branch real estate and house prices are near the national average for all cities and towns.

single-family detached homes are the single most common housing type in Farmers Branch, accounting for 71.52% of the city's housing units. Other types of housing that are prevalent in Farmers Branch include large apartment complexes or high rise apartments (19.62%), duplexes, homes converted to apartments, or other small apartment buildings (5.06%), and a few row houses and other attached homes (3.64%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Farmers Branch. Owner-occupied housing accounts for 65.58% of Farmers Branch's homes, and 66.39% 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. Farmers Branch's housing was primarily built during this period, from the '40s through the '60s. A full 63.68% of the city's housing hails from this era. Other housing ages represented in Farmers Branch include homes built between 1970-1994 (25.84%), and housing constructed from 1995 and later (9.48%). There's also some housing in Farmers Branch built between 1939 and earlier (1.00%).

Farmers Branch home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Farmers Branch, where house values have increased just 29.51%, which is an average annual increase of 2.95%. NeighborhoodScout's data show that in the latest quarter, Farmers Branch house values appreciated 0.24%, which is an annualized rate of 0.96%. This rate is lower than the appreciation rate found in 60% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Farmers Branch home appreciation rates, at 0.53%, have been at or slightly above the national average. In the latest quarter, Farmers Branch's appreciation rate has been 0.24%, which annualizes to a rate of 0.96%.

Relative to Texas, our data show that Farmers Branch's latest annual appreciation rate is higher than 8% of the other cities and towns in Texas.