Temple appreciation rates and housing market information

Temple housing market information

With 54,437 people, 23,453 houses or apartments, and a median cost of homes of $121,343, house prices in Temple are solidly below the national average.

single-family detached homes are the single most common housing type in Temple, accounting for 64.27% of the city's housing units. Other types of housing that are prevalent in Temple include large apartment complexes or high rise apartments (22.58%), duplexes, homes converted to apartments, or other small apartment buildings (7.46%), mobile homes or trailers (3.31%), and a few row houses and other attached homes (2.28%).

The most prevalent building size and type in Temple are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 51.05% owning, and 40.62% renting.

There is a lot of housing in Temple 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 Temple built from 1940-1969 (34.87%). A lesser amount of the housing stock also hails from 1995 and later (10.69%), and some were built from 1939 and earlier (10.69%).

Temple home appreciation rates

Temple's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Temple during the period has been just 5.69%, which is lower than % of US communities.

Appreciation rates are so strong in Temple that despite a nationwide downturn in the housing market, Temple real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple appreciation rates continue to be some of the highest in America, at 2.80%, which is higher than appreciation rates in 73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple. Temple appreciation rates in the latest quarter were at -0.11%, which equates to an annual appreciation rate of -0.44%.

Relative to Texas, our data show that Temple's latest annual appreciation rate is higher than 36% 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 Temple differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple - 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 Temple real estate investment or home purchase decisions.