Bedford, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bedford Neighborhoods Since 2000




Bedford, 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

Bedford Housing Market Information

With 49,337 people, 21,247 houses or apartments, and a median cost of homes of $211,064, Bedford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Bedford, accounting for 56.16% of the city's housing units. Other types of housing that are prevalent in Bedford include large apartment complexes or high rise apartments ( 28.87%), row houses and other attached homes ( 7.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.87%).

The most prevalent building size and type in Bedford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.82% owning and 43.18% renting.

There is a lot of housing in Bedford 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 Bedford built between 1940-1969 ( 14.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.16%).

Bedford Home Appreciation Rates

In the last 10 years, Bedford has experienced some of the highest home appreciation rates of any community in the nation. Bedford real estate appreciated 40.88% over the last ten years, which is an average annual home appreciation rate of 3.49%, putting Bedford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bedford 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 Bedford that despite a nationwide downturn in the housing market, Bedford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bedford appreciation rates continue to be some of the highest in America, at 11.19%, which is higher than appreciation rates in 96.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bedford. Bedford appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Bedford 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 Bedford's latest annual appreciation rate is higher than 90% 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 Bedford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bedford - 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 Bedford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$211,064

Bedford, TX HOME PRICES

Value Range
> $1,327,000 0.5
$995,001 - $1,327,000 0.0
$663,001 - $995,000 0.4
$531,001 - $663,000 0.7
$398,001 - $531,000 3.6
$265,001 - $398,000 22.3
$133,001 - $265,000 62.3
$66,001 - $133,000 7.6
$0 - $66,000 2.5

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
29.6554552912223 15.1750972762646

Number Of Homes And Apartments:
21,247

Bedford 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
67.65% 3.04% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,188 / per month

Homeownership Rate

Homeownership
Owners 56.82
Renters 43.18
Vacant 4.99

Housing Market Details

 

Age of Homes

AGE OF Bedford HOMES
2000 or Newer 8.2
1970 - 1999 77.3
1940 - 1969 14.1
1939 or Older 0.4

Types of Homes

TYPE OF Bedford HOMES
Single-Family 56.2
Townhomes 8.0
Small Apt. Buildings 6.9
Apt. Complexes 28.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Bedford HOMES
No Bedroom 1.74
1 Bedroom 20.75
2 Bedrooms 21.26
3 Bedrooms 39.43
4 Bedrooms 15.14
5 or more bedrooms 1.69