Bellmead, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bellmead, 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

Bellmead Housing Market Information

With 10,164 people, 3,142 houses or apartments, and a median cost of homes of $82,329, house prices in Bellmead are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Bellmead, accounting for 69.50% of the city's housing units. Other types of housing that are prevalent in Bellmead include mobile homes or trailers ( 11.98%), large apartment complexes or high rise apartments ( 10.97%), and a few row houses and other attached homes ( 3.79%).

The most prevalent building size and type in Bellmead are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.99% owning and 42.01% renting.

Vacant housing appears to be an issue in Bellmead. Fully 11.84% of the housing stock is classified as vacant. Left unchecked, vacant Bellmead homes and apartments can be a drag on the real estate market, holding Bellmead 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.

Bellmead Home Appreciation Rates

In the last 10 years, Bellmead has experienced some of the highest home appreciation rates of any community in the nation. Bellmead real estate appreciated 17.86% over the last ten years, which is an average annual home appreciation rate of 1.66%, putting Bellmead in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bellmead 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 Bellmead that despite a nationwide downturn in the housing market, Bellmead real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bellmead appreciation rates continue to be some of the highest in America, at 9.23%, which is higher than appreciation rates in 91.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bellmead. Bellmead appreciation rates in the latest quarter were at 0.68%, which equates to an annual appreciation rate of 2.76%.

Relative to Texas, our data show that Bellmead's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$82,329

Bellmead, TX HOME PRICES

Value Range
> $1,141,000 0.4
$856,001 - $1,141,000 0.2
$570,001 - $856,000 0.0
$456,001 - $570,000 0.0
$342,001 - $456,000 0.0
$228,001 - $342,000 2.6
$114,001 - $228,000 13.1
$57,001 - $114,000 55.5
$0 - $57,000 28.2

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
88.9780850814485 81.0311284046693

Number Of Homes And Apartments:
3,142

Bellmead 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
62.60% 2.86% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$836 / per month

Homeownership Rate

Homeownership
Owners 57.99
Renters 42.01
Vacant 11.84

Housing Market Details

 

Age of Homes

AGE OF Bellmead HOMES
2000 or Newer 8.8
1970 - 1999 41.9
1940 - 1969 41.9
1939 or Older 7.3

Types of Homes

TYPE OF Bellmead HOMES
Single-Family 69.5
Townhomes 3.8
Small Apt. Buildings 3.5
Apt. Complexes 11.0
Mobile Homes 12.0
Other 0.3

Home Size

SIZE OF Bellmead HOMES
No Bedroom 0.62
1 Bedroom 8.89
2 Bedrooms 32.88
3 Bedrooms 52.75
4 Bedrooms 4.35
5 or more bedrooms 0.51

Popular Neighborhoods in Bellmead

Zip Codes in Bellmead, TX