Baytown, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Baytown Neighborhoods Since 2000




Baytown, 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

Baytown Housing Market Information

With 76,335 people, 25,793 houses or apartments, and a median cost of homes of $126,225, house prices in Baytown are solidly below the national average.

Single-family detached homes are the single most common housing type in Baytown, accounting for 60.42% of the city's housing units. Other types of housing that are prevalent in Baytown include large apartment complexes or high rise apartments ( 25.63%), mobile homes or trailers ( 5.66%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.70%).

The most prevalent building size and type in Baytown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.14% owning and 41.86% renting.

There is a lot of housing in Baytown 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 Baytown built between 1940-1969 ( 30.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.87%). There's also some housing in Baytown built before 1939 ( 5.52%).

Vacant housing appears to be an issue in Baytown. Fully 12.42% of the housing stock is classified as vacant. Left unchecked, vacant Baytown homes and apartments can be a drag on the real estate market, holding Baytown 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.

Baytown Home Appreciation Rates

In the last 10 years, Baytown has experienced some of the highest home appreciation rates of any community in the nation. Baytown real estate appreciated 20.12% over the last ten years, which is an average annual home appreciation rate of 1.85%, putting Baytown in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Baytown 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 Baytown that despite a nationwide downturn in the housing market, Baytown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Baytown appreciation rates continue to be some of the highest in America, at 8.25%, which is higher than appreciation rates in 87.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Baytown. Baytown appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

Relative to Texas, our data show that Baytown's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Baytown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Baytown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Baytown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$126,225

Baytown, TX HOME PRICES

Value Range
> $1,194,000 0.5
$896,001 - $1,194,000 0.1
$597,001 - $896,000 0.3
$478,001 - $597,000 0.1
$358,001 - $478,000 1.8
$239,001 - $358,000 7.6
$120,001 - $239,000 32.4
$60,001 - $120,000 41.6
$0 - $60,000 15.6

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
61.8715574827142 45.8171206225681

Number Of Homes And Apartments:
25,793

Baytown 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
55.95% 2.61% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,018 / per month

Homeownership Rate

Homeownership
Owners 58.14
Renters 41.86
Vacant 12.42

Housing Market Details

 

Age of Homes

AGE OF Baytown HOMES
2000 or Newer 19.9
1970 - 1999 43.7
1940 - 1969 30.9
1939 or Older 5.5

Types of Homes

TYPE OF Baytown HOMES
Single-Family 60.4
Townhomes 2.7
Small Apt. Buildings 4.7
Apt. Complexes 25.6
Mobile Homes 5.7
Other 0.9

Home Size

SIZE OF Baytown HOMES
No Bedroom 3.05
1 Bedroom 13.63
2 Bedrooms 26.29
3 Bedrooms 40.99
4 Bedrooms 14.45
5 or more bedrooms 1.59