Balch Springs, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Balch Springs, 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

Balch Springs Housing Market Information

With 25,210 people, 6,688 houses or apartments, and a median cost of homes of $107,345, house prices in Balch Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Balch Springs, accounting for 66.68% of the city's housing units. Other types of housing that are prevalent in Balch Springs include large apartment complexes or high rise apartments ( 19.35%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few mobile homes or trailers ( 3.77%).

The most prevalent building size and type in Balch Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.03% owning and 44.97% renting.

There is a lot of housing in Balch Springs 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 Balch Springs built between 1940-1969 ( 24.38%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.87%). There's also some housing in Balch Springs built before 1939 ( 2.08%).

Balch Springs Home Appreciation Rates

In the last 10 years, Balch Springs has experienced some of the highest home appreciation rates of any community in the nation. Balch Springs real estate appreciated 23.87% over the last ten years, which is an average annual home appreciation rate of 2.16%, putting Balch Springs in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Balch Springs 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, Balch Springs's appreciation rate, at 3.20%, has been at or slightly above the national average. In the latest quarter, Balch Springs's appreciation rate has been 2.35%, which annualizes to a rate of 9.75%.

Importantly, this makes Balch Springs 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 Balch Springs's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$107,345

Balch Springs, TX HOME PRICES

Value Range
> $1,213,000 0.0
$910,001 - $1,213,000 0.4
$606,001 - $910,000 0.1
$485,001 - $606,000 0.0
$364,001 - $485,000 0.4
$243,001 - $364,000 1.6
$121,001 - $243,000 27.7
$61,001 - $121,000 54.4
$0 - $61,000 15.4

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
72.911051212938 58.9494163424125

Number Of Homes And Apartments:
6,688

Balch Springs 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
57.49% 2.67% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,131 / per month

Homeownership Rate

Homeownership
Owners 55.03
Renters 44.97
Vacant 8.92

Housing Market Details

 

Age of Homes

AGE OF Balch Springs HOMES
2000 or Newer 22.9
1970 - 1999 50.7
1940 - 1969 24.4
1939 or Older 2.1

Types of Homes

TYPE OF Balch Springs HOMES
Single-Family 66.7
Townhomes 2.7
Small Apt. Buildings 7.4
Apt. Complexes 19.4
Mobile Homes 3.8
Other 0.1

Home Size

SIZE OF Balch Springs HOMES
No Bedroom 0.25
1 Bedroom 11.29
2 Bedrooms 23.00
3 Bedrooms 51.19
4 Bedrooms 11.44
5 or more bedrooms 2.83

Popular Neighborhoods in Balch Springs

Zip Codes in Balch Springs, TX