Andrews, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Andrews Neighborhoods Since 2000




Andrews, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Andrews Housing Market Information

With 13,816 people, 4,132 houses or apartments, and a median cost of homes of $157,189, Andrews 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 Andrews, accounting for 78.37% of the city's housing units. Other types of housing that are prevalent in Andrews include mobile homes or trailers ( 12.84%), large apartment complexes or high rise apartments ( 5.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Andrews. Owner-occupied housing accounts for 71.60% of Andrews's homes, and 69.52% 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. Andrews's housing was primarily built during this period, from the '40s through the '60s. A full 51.47% of the city's housing hails from this era. Other housing ages represented in Andrews include homes built between 1970-1999 ( 37.50%) and housing constructed between 2000 and later ( 8.14%). There's also some housing in Andrews built before 1939 ( 2.89%).

Andrews Home Appreciation Rates

In the last 10 years, Andrews has experienced some of the highest home appreciation rates of any community in the nation. Andrews real estate appreciated 73.32% over the last ten years, which is an average annual home appreciation rate of 5.65%, putting Andrews in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Andrews definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Andrews's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Andrews's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Andrews's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$157,189

Andrews, TX HOME PRICES

Value Range
> $1,208,000 0.1
$906,001 - $1,208,000 0.1
$604,001 - $906,000 1.0
$483,001 - $604,000 3.6
$362,001 - $483,000 2.7
$241,001 - $362,000 9.7
$121,001 - $241,000 35.2
$61,001 - $121,000 32.0
$0 - $61,000 15.8

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
46.9588655806867 30.4474708171206

Number Of Homes And Apartments:
4,132

Andrews Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
149.75% 5.45% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,373 / per month

Homeownership Rate

Homeownership
Owners 71.60
Renters 28.40
Vacant 8.81

Housing Market Details

 

Age of Homes

AGE OF Andrews HOMES
2000 or Newer 8.1
1970 - 1999 37.5
1940 - 1969 51.5
1939 or Older 2.9

Types of Homes

TYPE OF Andrews HOMES
Single-Family 78.4
Townhomes 0.5
Small Apt. Buildings 1.6
Apt. Complexes 6.0
Mobile Homes 12.8
Other 0.7

Home Size

SIZE OF Andrews HOMES
No Bedroom 1.48
1 Bedroom 8.47
2 Bedrooms 18.87
3 Bedrooms 54.49
4 Bedrooms 15.03
5 or more bedrooms 1.66

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Zip Codes in Andrews, TX