Borger, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Borger Neighborhoods Since 2000




Borger, 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

Borger Housing Market Information

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.

Borger Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$87,850

Borger, TX HOME PRICES

Value Range
> $1,081,000 0.0
$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

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
85.5853744286886 76.556420233463

Number Of Homes And Apartments:
4,905

Borger 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
52.03% 2.46% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 69.24
Renters 30.76
Vacant 20.46

Housing Market Details

 

Age of Homes

AGE OF Borger HOMES
2000 or Newer 4.5
1970 - 1999 29.4
1940 - 1969 62.2
1939 or Older 4.0

Types of Homes

TYPE OF Borger HOMES
Single-Family 77.2
Townhomes 1.3
Small Apt. Buildings 8.2
Apt. Complexes 8.4
Mobile Homes 4.8
Other 0.1

Home Size

SIZE OF Borger HOMES
No Bedroom 0.96
1 Bedroom 11.46
2 Bedrooms 30.27
3 Bedrooms 45.73
4 Bedrooms 9.44
5 or more bedrooms 2.14

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Zip Codes in Borger, TX