Bandera, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bandera, 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

Bandera Housing Market Information

With a population of 877, 365 total housing units (homes and apartments), and a median house value of $203,035, Bandera real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bandera, accounting for 88.16% of the city's housing units. Other types of housing that are prevalent in Bandera include mobile homes or trailers ( 8.37%), duplexes, homes converted to apartments or other small apartment buildings ( 1.84%), and a few row houses and other attached homes ( 1.63%).

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 38.57% of the city's housing hails from this era. Other housing ages represented in Bandera include homes built between 1970-1999 ( 33.06%) and housing constructed before 1939 ( 23.06%). There's also some housing in Bandera built between 2000 and later ( 5.31%).

Vacant housing appears to be an issue in Bandera. Fully 25.51% 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 36.37% over the last ten years, which is an average annual home appreciation rate of 3.15%, putting Bandera in the top 10% 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.

Appreciation rates are so strong in Bandera that despite a nationwide downturn in the housing market, Bandera real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bandera appreciation rates continue to be some of the highest in America, at 6.10%, which is higher than appreciation rates in 74.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bandera. Bandera appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.83%.

Relative to Texas, our data show that Bandera's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$203,035

Bandera, TX HOME PRICES

Value Range
> $1,209,000 1.0
$907,001 - $1,209,000 0.3
$604,001 - $907,000 0.9
$484,001 - $604,000 0.9
$363,001 - $484,000 10.1
$242,001 - $363,000 17.9
$121,001 - $242,000 43.5
$61,001 - $121,000 14.7
$0 - $61,000 10.7

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
31.5539669518341 16.5369649805447

Number Of Homes And Apartments:
365

Bandera 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
80.73% 3.49% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,065 / per month

Homeownership Rate

Homeownership
Owners 56.38
Renters 43.62
Vacant 25.51

Housing Market Details

 

Age of Homes

AGE OF Bandera HOMES
2000 or Newer 5.3
1970 - 1999 33.1
1940 - 1969 38.6
1939 or Older 23.1

Types of Homes

TYPE OF Bandera HOMES
Single-Family 88.2
Townhomes 1.6
Small Apt. Buildings 1.8
Apt. Complexes 0.0
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Bandera HOMES
No Bedroom 1.84
1 Bedroom 21.84
2 Bedrooms 41.84
3 Bedrooms 25.31
4 Bedrooms 5.92
5 or more bedrooms 3.27

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Zip Codes in Bandera, TX