Bellaire, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Bellaire, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Bellaire Housing Market Information

With a population of 18,797, 6,611 total housing units (homes and apartments), and a median house value of $833,234, Bellaire house prices are not only among the most expensive in Texas, Bellaire real estate also is some of the most expensive in all of America.

Bellaire is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Bellaire than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bellaire. Owner-occupied housing accounts for 86.99% of Bellaire's homes, and 70.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bellaire 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 Bellaire built between 2000 and later ( 28.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.53%). There's also some housing in Bellaire built before 1939 ( 2.37%).

Bellaire Home Appreciation Rates

In the last 10 years, Bellaire has experienced some of the highest home appreciation rates of any community in the nation. Bellaire real estate appreciated 39.52% over the last ten years, which is an average annual home appreciation rate of 3.39%, putting Bellaire in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bellaire definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Bellaire appreciation rates have trailed the rest of the nation. In the last twelve months, Bellaire's appreciation rate has been 1.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellaire were at 2.35%, which equates to an annual appreciation rate of 9.72%.

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

Average Home Values

 

Median Home Value:
$833,234

Bellaire, TX HOME PRICES

Value Range
> $1,107,000 27.7
$830,001 - $1,107,000 27.2
$553,001 - $830,000 23.1
$443,001 - $553,000 5.5
$332,001 - $443,000 7.8
$221,001 - $332,000 5.7
$111,001 - $221,000 1.5
$55,001 - $111,000 0.1
$0 - $55,000 1.3

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
2.02043795620438 1.35790494665373

Number Of Homes And Apartments:
6,611

Bellaire Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
110.21% 3.88%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,439 / per month

Homeownership Rate

Homeownership
Owners 86.99
Renters 13.01
Vacant 5.60

Housing Market Details

 

Age of Homes

AGE OF Bellaire HOMES
2000 or Newer 28.4
1970 - 1999 41.7
1940 - 1969 27.5
1939 or Older 2.4

Types of Homes

TYPE OF Bellaire HOMES
Single-Family 87.8
Townhomes 6.6
Small Apt. Buildings 0.3
Apt. Complexes 4.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Bellaire HOMES
No Bedroom 1.78
1 Bedroom 1.97
2 Bedrooms 9.82
3 Bedrooms 29.53
4 Bedrooms 40.50
5 or more bedrooms 16.39