Azle, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Azle Neighborhoods Since 2000




Azle, 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

Azle Housing Market Information

With 11,693 people, 4,251 houses or apartments, and a median cost of homes of $154,172, Azle 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 Azle, accounting for 80.24% of the city's housing units. Other types of housing that are prevalent in Azle include duplexes, homes converted to apartments or other small apartment buildings ( 9.80%), mobile homes or trailers ( 4.69%), and a few large apartment complexes or high rise apartments ( 3.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Azle. Owner-occupied housing accounts for 66.32% of Azle's homes, and 71.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Azle 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 Azle built between 1940-1969 ( 28.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.37%). There's also some housing in Azle built before 1939 ( 1.85%).

Azle Home Appreciation Rates

In the last 10 years, Azle has experienced some of the highest home appreciation rates of any community in the nation. Azle real estate appreciated 25.34% over the last ten years, which is an average annual home appreciation rate of 2.28%, putting Azle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Azle definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Azle that despite a nationwide downturn in the housing market, Azle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Azle appreciation rates continue to be some of the highest in America, at 10.93%, which is higher than appreciation rates in 95.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Azle. Azle appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Azle one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Azle's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$154,172

Azle, TX HOME PRICES

Value Range
> $1,240,000 0.9
$930,001 - $1,240,000 0.6
$620,001 - $930,000 2.8
$496,001 - $620,000 1.8
$372,001 - $496,000 2.2
$248,001 - $372,000 10.3
$124,001 - $248,000 49.6
$62,001 - $124,000 24.1
$0 - $62,000 7.6

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
48.2714168522208 31.5175097276265

Number Of Homes And Apartments:
4,251

Azle 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
57.99% 2.69% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,280 / per month

Homeownership Rate

Homeownership
Owners 66.32
Renters 33.68
Vacant 8.60

Housing Market Details

 

Age of Homes

AGE OF Azle HOMES
2000 or Newer 15.4
1970 - 1999 54.6
1940 - 1969 28.2
1939 or Older 1.8

Types of Homes

TYPE OF Azle HOMES
Single-Family 80.2
Townhomes 1.8
Small Apt. Buildings 9.8
Apt. Complexes 3.5
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Azle HOMES
No Bedroom 0.19
1 Bedroom 9.89
2 Bedrooms 15.46
3 Bedrooms 60.52
4 Bedrooms 10.77
5 or more bedrooms 3.16