Beaumont, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beaumont, TX Real Estate Data


Beaumont Housing Market Information

With 118,129 people, 45,301 houses or apartments, and a median cost of homes of $115,169, house prices in Beaumont are solidly below the national average.

Single-family detached homes are the single most common housing type in Beaumont, accounting for 66.25% of the city's housing units. Other types of housing that are prevalent in Beaumont include large apartment complexes or high rise apartments ( 21.47%), duplexes, homes converted to apartments or other small apartment buildings ( 7.06%), and a few row houses and other attached homes ( 3.74%).

The most prevalent building size and type in Beaumont are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.73% owning and 44.27% renting.

There is a lot of housing in Beaumont 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 Beaumont built between 1940-1969 ( 38.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.90%). There's also some housing in Beaumont built before 1939 ( 6.20%).

Vacant housing appears to be an issue in Beaumont. Fully 12.77% of the housing stock is classified as vacant. Left unchecked, vacant Beaumont homes and apartments can be a drag on the real estate market, holding Beaumont 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.

Beaumont Home Appreciation Rates

Appreciation rates for homes in Beaumont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.09%, which ranks in the top 30% nationwide. This equates to an annual average Beaumont house appreciation rate of 1.59%.

Appreciation rates are so strong in Beaumont that despite a nationwide downturn in the housing market, Beaumont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beaumont appreciation rates continue to be some of the highest in America, at 6.17%, which is higher than appreciation rates in 76.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beaumont. Beaumont appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Texas, our data show that Beaumont's latest annual appreciation rate is lower than 60% 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 Beaumont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaumont - 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 Beaumont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$115,169

Beaumont, TX HOME PRICES

Value Range
> $1,105,000 0.7
$829,001 - $1,105,000 0.5
$553,001 - $829,000 1.3
$442,001 - $553,000 1.5
$332,001 - $442,000 2.2
$221,001 - $332,000 7.3
$111,001 - $221,000 30.4
$55,001 - $111,000 33.2
$0 - $55,000 22.7

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
69.1514903086022 52.5242718446602

Number Of Homes And Apartments:
45,301

Rent & Ownership

 

Average Market Rent:
$957 / per month

Homeownership Rate

Homeownership
Owners 55.73
Renters 44.27
Vacant 12.77

Housing Market Details

 

Age of Homes

AGE OF Beaumont HOMES
2000 or Newer 14.9
1970 - 1999 40.8
1940 - 1969 38.1
1939 or Older 6.2

Types of Homes

TYPE OF Beaumont HOMES
Single-Family 66.2
Townhomes 3.7
Small Apt. Buildings 7.1
Apt. Complexes 21.5
Mobile Homes 1.4
Other 0.1

Home Size

SIZE OF Beaumont HOMES
No Bedroom 1.81
1 Bedroom 13.12
2 Bedrooms 30.05
3 Bedrooms 41.38
4 Bedrooms 11.87
5 or more bedrooms 1.77

Beaumont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.83% 2.49% 2 6
* 10 is highest