Kaufman appreciation rates and housing market information

Kaufman appreciation rates and housing market information

Kaufman housing market information

With a population of 6,832, 2,300 total housing units (homes and apartments), and a median house value of $94,480, house prices in Kaufman are solidly below the national average.

Single-family detached homes are the single most common housing type in Kaufman, accounting for 69.30% of the city's housing units. Other types of housing that are prevalent in Kaufman include large apartment complexes or high rise apartments (14.57%), duplexes, homes converted to apartments or other small apartment buildings (9.27%), and a few mobile homes or trailers (6.52%).

The most prevalent building size and type in Kaufman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.42% owning and 43.58% renting.

There is a lot of housing in Kaufman built from 1970 to 1999 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 Kaufman built between 1940-1969 (27.25%). A lesser amount of the housing stock also hails from between 2000 and later (13.39%). There's also some housing in Kaufman built before 1939 (6.87%).

Vacant housing appears to be an issue in Kaufman. Fully 10.40% of the housing stock is classified as vacant. Left unchecked, vacant Kaufman homes and apartments can be a drag on the real estate market, holding Kaufman real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kaufman home appreciation rates

Appreciation rates for homes in Kaufman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.25%, which ranks in the top 40% nationwide. This equates to an annual average Kaufman house appreciation rate of 0.89%.

Appreciation rates are so strong in Kaufman that despite a nationwide downturn in the housing market, Kaufman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kaufman appreciation rates continue to be some of the highest in America, at 1.57%, which is higher than appreciation rates in 83.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kaufman. Kaufman appreciation rates in the latest quarter were at 0.71%, which equates to an annual appreciation rate of 2.86%.

Relative to Texas, our data show that Kaufman's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

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