Bedford, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

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

Bedford, TX Housing Market Trends

With 49,928 people, 20,089 houses or apartments, and a median cost of homes of $343,960, Bedford real estate is some of the most expensive in Texas, although Bedford home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bedford, accounting for 55.70% of the city's housing units. Other types of housing that are prevalent in Bedford include large apartment complexes or high rise apartments ( 32.68%), duplexes, homes converted to apartments or other small apartment buildings ( 6.61%), and a few row houses and other attached homes ( 5.02%).

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 52.73% owning and 47.27% 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 ( 15.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.94%).

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 119.49% over the last ten years, which is an average annual home appreciation rate of 8.18%, 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 21.43%, which is higher than appreciation rates in 77.67% 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 8.80%, which equates to an annual appreciation rate of 40.10%.

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:
$343,960

Bedford, TX HOME PRICES

> $1,382,000
0.5%
0.5%
$1,037,001 - $1,382,000
0.8%
0.8%
$691,001 - $1,037,000
0.8%
0.8%
$553,001 - $691,000
4.2%
4.2%
$415,001 - $553,000
17.9%
17.9%
$276,001 - $415,000
40.9%
40.9%
$138,001 - $276,000
32.7%
32.7%
$69,001 - $138,000
1.0%
1.0%
$0 - $69,000
1.0%
1.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
20,089

Bedford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
158.67% 4.41%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,705 / per month

Homeownership Rate

Owners
52.7%
52.7%
Renters
47.3%
47.3%
Vacant
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.9%
8.9%
1970 - 1999
75.2%
75.2%
1940 - 1969
15.4%
15.4%
1939 or Older
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.7%
55.7%
Townhomes
5.0%
5.0%
Small Apt. Buildings
6.6%
6.6%
Apt. Complexes
32.7%
32.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.1%
4.1%
1 Bedroom
19.3%
19.3%
2 Bedrooms
19.1%
19.1%
3 Bedrooms
38.1%
38.1%
4 Bedrooms
17.5%
17.5%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES