menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Bandera, TX Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bandera, TX Housing Market Trends

With a population of 837, 230 total housing units (homes and apartments), and a median house value of $383,621, Bandera real estate is some of the most expensive in Texas, although Bandera home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bandera, accounting for 78.51% of the city's housing units. Other types of housing that are prevalent in Bandera include large apartment complexes or high rise apartments ( 12.03%), duplexes, homes converted to apartments or other small apartment buildings ( 8.02%), and a few mobile homes or trailers ( 1.15%).

People in Bandera primarily live in small (one, two or no bedroom) single-family detached homes. Bandera has a mixture of owner-occupied and renter-occupied housing.

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. Bandera's housing was primarily built during this period, from the '40s through the '60s. A full 36.10% of the city's housing hails from this era. Other housing ages represented in Bandera include homes built before 1939 ( 22.92%) and housing constructed between 2000 and later ( 21.78%). There's also some housing in Bandera built between 1970-1999 ( 19.20%).

Vacant housing appears to be an issue in Bandera. Fully 34.10% of the housing stock is classified as vacant. Left unchecked, vacant Bandera homes and apartments can be a drag on the real estate market, holding Bandera 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.

Bandera Home Appreciation Rates

In the last 10 years, Bandera has experienced some of the highest home appreciation rates of any community in the nation. Bandera real estate appreciated 123.75% over the last ten years, which is an average annual home appreciation rate of 8.39%, putting Bandera in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bandera definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bandera appreciation rates have trailed the rest of the nation. In the last twelve months, Bandera's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bandera were at -0.96%, which equates to an annual appreciation rate of -3.79%.

Notably, Bandera's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

Median Home Value

$383,621

Bandera, TX Home Prices
> $1,310,000
$983,001 - $1,310,000
$655,001 - $983,000
$524,001 - $655,000
$393,001 - $524,000
$262,001 - $393,000
$131,001 - $262,000
$65,001 - $131,000
$0 - $65,000
2.1%
2.1%
1.7%
1.7%
4.9%
4.9%
16.6%
16.6%
12.5%
12.5%
22.1%
22.1%
20.8%
20.8%
10.8%
10.8%
8.5%
8.5%
0% 100.0%
% of Homes
Very High

for Texas

High

for nation

Number of Homes And Apartments:

230

Bandera Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,614 / per month

Homeownership Rate

Owners
Renters
50.2%
50.2%
49.8%
49.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
34.1%
34.1%
65.9%
65.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.8%
21.8%
19.2%
19.2%
36.1%
36.1%
22.9%
22.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.5%
78.5%
0.3%
0.3%
8.0%
8.0%
12.0%
12.0%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.6%
4.6%
9.7%
9.7%
61.9%
61.9%
16.0%
16.0%
7.7%
7.7%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Bandera

Popular Communities Near Bandera, TX

Zip Codes in Bandera, TX