Bee Cave, 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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Bee Cave, TX Housing Market Trends

With a population of 6,841, 2,749 total housing units (homes and apartments), and a median house value of $682,214, 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.

Large apartment complexes or high rise apartments are the single most common housing type in Bee Cave, accounting for 50.68% of the city's housing units. Other types of housing that are prevalent in Bee Cave include single-family detached homes ( 48.30%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Bee Cave primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. 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. 84.86% 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 ( 14.79%), and between 1940-1969 ( 0.35%).

Vacant housing appears to be an issue in Bee Cave. Fully 12.76% 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 73.62% over the last ten years, which is an average annual home appreciation rate of 5.67%, 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.

Appreciation rates are so strong in Bee Cave that despite a nationwide downturn in the housing market, Bee Cave real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bee Cave appreciation rates continue to be some of the highest in America, at 11.20%, which is higher than appreciation rates in 78.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bee Cave. Bee Cave appreciation rates in the latest quarter were at 4.80%, which equates to an annual appreciation rate of 20.64%.

Importantly, this makes Bee Cave 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 Bee Cave's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$682,214

Bee Cave, TX HOME PRICES

> $1,262,000
10.3%
10.3%
$947,001 - $1,262,000
13.3%
13.3%
$631,001 - $947,000
36.6%
36.6%
$505,001 - $631,000
18.9%
18.9%
$379,001 - $505,000
14.0%
14.0%
$253,001 - $379,000
3.4%
3.4%
$126,001 - $253,000
1.5%
1.5%
$63,001 - $126,000
1.3%
1.3%
$0 - $63,000
0.8%
0.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
2,749

Bee Cave Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
118.35% 3.70%
5
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,598 / per month

Homeownership Rate

Owners
47.5%
47.5%
Renters
52.5%
52.5%
Vacant
12.8%
12.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
84.9%
84.9%
1970 - 1999
14.8%
14.8%
1940 - 1969
0.3%
0.3%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
48.3%
48.3%
Townhomes
0.5%
0.5%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
50.7%
50.7%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
28.5%
28.5%
2 Bedrooms
21.9%
21.9%
3 Bedrooms
16.9%
16.9%
4 Bedrooms
19.2%
19.2%
5 or more bedrooms
12.4%
12.4%
0.0% 100.0%
% OF HOMES