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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 12,964, 4,905 total housing units (homes and apartments), and a median house value of $87,850, house prices in Borger are solidly below the national average.
Single-family detached homes are the single most common housing type in Borger, accounting for 77.23% of the city's housing units. Other types of housing that are prevalent in Borger include large apartment complexes or high rise apartments ( 8.37%), duplexes, homes converted to apartments or other small apartment buildings ( 8.19%), and a few mobile homes or trailers ( 4.77%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Borger. Owner-occupied housing accounts for 69.24% of Borger's homes, and 55.16% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Borger's housing was primarily built during this period, from the '40s through the '60s. A full 62.19% of the city's housing hails from this era. Other housing ages represented in Borger include homes built between 1970-1999 ( 29.40%) and housing constructed between 2000 and later ( 4.46%). There's also some housing in Borger built before 1939 ( 3.96%).
Vacant housing appears to be an issue in Borger. Fully 20.46% of the housing stock is classified as vacant. Left unchecked, vacant Borger homes and apartments can be a drag on the real estate market, holding Borger 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.
In the last 10 years, Borger has experienced some of the highest home appreciation rates of any community in the nation. Borger real estate appreciated 24.31% over the last ten years, which is an average annual home appreciation rate of 2.20%, putting Borger in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Borger 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, Borger appreciation rates have trailed the rest of the nation. In the last twelve months, Borger's appreciation rate has been 1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Borger were at 0.45%, which equates to an annual appreciation rate of 1.82%.
Relative to Texas, our data show that Borger's latest annual appreciation rate is lower than 80% 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 Borger differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Borger - 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 Borger real estate investment or home purchase decisions.
|$811,001 - $1,081,000||0.4|
|$541,001 - $811,000||0.8|
|$433,001 - $541,000||0.9|
|$325,001 - $433,000||1.7|
|$216,001 - $325,000||6.3|
|$108,001 - $216,000||18.6|
|$54,001 - $108,000||34.6|
|$0 - $54,000||36.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Borger HOMES|
|2000 or Newer||4.5|
|1970 - 1999||29.4|
|1940 - 1969||62.2|
|1939 or Older||4.0|
|TYPE OF Borger HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Borger HOMES|
|5 or more bedrooms||2.14|