Athens, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Athens, 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

Athens Housing Market Information

With 12,788 people, 4,392 houses or apartments, and a median cost of homes of $110,134, house prices in Athens are solidly below the national average.

Single-family detached homes are the single most common housing type in Athens, accounting for 71.00% of the city's housing units. Other types of housing that are prevalent in Athens include large apartment complexes or high rise apartments ( 13.50%), duplexes, homes converted to apartments or other small apartment buildings ( 8.70%), and a few mobile homes or trailers ( 3.74%).

The most prevalent building size and type in Athens are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.09% owning and 48.91% renting.

There is a lot of housing in Athens 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 Athens built between 1940-1969 ( 37.95%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.32%). There's also some housing in Athens built before 1939 ( 3.11%).

Vacant housing appears to be an issue in Athens. Fully 10.73% of the housing stock is classified as vacant. Left unchecked, vacant Athens homes and apartments can be a drag on the real estate market, holding Athens 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.

Athens Home Appreciation Rates

Appreciation rates for homes in Athens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.48%, which ranks in the top 30% nationwide. This equates to an annual average Athens house appreciation rate of 1.00%.

Appreciation rates are so strong in Athens that despite a nationwide downturn in the housing market, Athens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Athens appreciation rates continue to be some of the highest in America, at 7.49%, which is higher than appreciation rates in 84.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Athens. Athens appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$110,134

Athens, TX HOME PRICES

Value Range
> $1,097,000 0.1
$822,001 - $1,097,000 0.2
$548,001 - $822,000 0.2
$439,001 - $548,000 0.6
$329,001 - $439,000 2.8
$220,001 - $329,000 13.9
$110,001 - $220,000 27.9
$55,001 - $110,000 33.9
$0 - $55,000 20.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.3201687565921 56.7607003891051

Number Of Homes And Apartments:
4,392

Athens 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
42.87% 2.09% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$849 / per month

Homeownership Rate

Homeownership
Owners 51.09
Renters 48.91
Vacant 10.73

Housing Market Details

 

Age of Homes

AGE OF Athens HOMES
2000 or Newer 12.3
1970 - 1999 46.6
1940 - 1969 37.9
1939 or Older 3.1

Types of Homes

TYPE OF Athens HOMES
Single-Family 71.0
Townhomes 2.5
Small Apt. Buildings 8.7
Apt. Complexes 13.5
Mobile Homes 3.7
Other 0.6

Home Size

SIZE OF Athens HOMES
No Bedroom 4.90
1 Bedroom 14.27
2 Bedrooms 22.78
3 Bedrooms 49.78
4 Bedrooms 8.07
5 or more bedrooms 0.20

Popular Neighborhoods in Athens

Zip Codes in Athens, TX