Killeen appreciation rates and housing market information

Killeen housing market information

With a population of 86,822, 35,281 total housing units (homes and apartments), and a median house value of $118,181, house prices in Killeen are solidly below the national average.

single-family detached homes are the single most common housing type in Killeen, accounting for 56.34% of the city's housing units. Other types of housing that are prevalent in Killeen include large apartment complexes or high rise apartments (21.36%), duplexes, homes converted to apartments, or other small apartment buildings (13.47%), mobile homes or trailers (5.72%), and a few row houses and other attached homes (3.02%).

The most prevalent building size and type in Killeen are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 42.50% owning, and 49.48% renting.

There is a lot of housing in Killeen 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 Killeen built from 1940-1969 (21.36%). A lesser amount of the housing stock also hails from 1995 and later (20.62%), and some were built from 1939 and earlier (20.62%).

Killeen home appreciation rates

Killeen's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Killeen during the period has been just 4.44%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Killeen home appreciation rates, at 1.55%, have been at or slightly above the national average. In the latest quarter, Killeen's appreciation rate has been -0.42%, which annualizes to a rate of -1.68%.

Notably, Killeen's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Killeen's latest annual appreciation rate is higher than 16% 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 Killeen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Killeen - 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 Killeen real estate investment or home purchase decisions.