Bee Cave TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bee Cave, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bee Cave Housing Market Information

With a population of 6,765, 2,738 total housing units (homes and apartments), and a median house value of $656,879, Bee Cave house prices are not only among the most expensive in Texas, Bee Cave real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bee Cave, accounting for 50.22% of the city's housing units. Other types of housing that are prevalent in Bee Cave include large apartment complexes or high rise apartments ( 49.17%).

People in Bee Cave primarily live in small (one, two or no bedroom) single-family detached homes. Bee Cave has a mixture of owner-occupied and renter-occupied housing.

Bee Cave homes and real estate are some of the newest in America. 84.32% of Bee Cave's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bee Cave real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 15.24%), and between 1940-1969 ( 0.44%).

Vacant housing appears to be an issue in Bee Cave. Fully 13.08% of the housing stock is classified as vacant. Left unchecked, vacant Bee Cave homes and apartments can be a drag on the real estate market, holding Bee Cave 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.

Bee Cave Home Appreciation Rates

In the last 10 years, Bee Cave has experienced some of the highest home appreciation rates of any community in the nation. Bee Cave real estate appreciated 57.18% over the last ten years, which is an average annual home appreciation rate of 4.63%, putting Bee Cave in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bee Cave definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bee Cave's appreciation rate, at 4.82%, has been at or slightly above the national average. In the latest quarter, Bee Cave's appreciation rate has been 0.68%, which annualizes to a rate of 2.73%.

Relative to Texas, our data show that Bee Cave's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$656,879

Bee Cave, TX HOME PRICES

Value Range
> $1,215,000 8.6
$911,001 - $1,215,000 13.7
$607,001 - $911,000 36.6
$486,001 - $607,000 18.1
$364,001 - $486,000 14.7
$243,001 - $364,000 4.1
$121,001 - $243,000 1.7
$60,001 - $121,000 1.0
$0 - $60,000 1.4

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
4.15474452554744 1.8913676042677

Number Of Homes And Apartments:
2,738

Bee Cave Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
102.33% 3.50%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,086 / per month

Homeownership Rate

Homeownership
Owners 51.49
Renters 48.51
Vacant 13.08

Housing Market Details

 

Age of Homes

AGE OF Bee Cave HOMES
2000 or Newer 84.3
1970 - 1999 15.2
1940 - 1969 0.4
1939 or Older 0.0

Types of Homes

TYPE OF Bee Cave HOMES
Single-Family 50.2
Townhomes 0.6
Small Apt. Buildings 0.0
Apt. Complexes 49.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Bee Cave HOMES
No Bedroom 1.30
1 Bedroom 27.94
2 Bedrooms 19.27
3 Bedrooms 17.75
4 Bedrooms 20.48
5 or more bedrooms 13.27