Breckenridge, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Breckenridge, 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

Breckenridge Housing Market Information

With 5,590 people, 2,100 houses or apartments, and a median cost of homes of $100,643, house prices in Breckenridge are solidly below the national average.

Single-family detached homes are the single most common housing type in Breckenridge, accounting for 78.32% of the city's housing units. Other types of housing that are prevalent in Breckenridge include large apartment complexes or high rise apartments ( 9.03%), mobile homes or trailers ( 6.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Breckenridge. Owner-occupied housing accounts for 65.65% of Breckenridge's homes, and 53.66% 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. Breckenridge's housing was primarily built during this period, from the '40s through the '60s. A full 50.93% of the city's housing hails from this era. Other housing ages represented in Breckenridge include homes built between 1970-1999 ( 31.73%) and housing constructed before 1939 ( 15.92%). There's also some housing in Breckenridge built between 2000 and later ( 1.42%).

Vacant housing appears to be an issue in Breckenridge. Fully 23.50% of the housing stock is classified as vacant. Left unchecked, vacant Breckenridge homes and apartments can be a drag on the real estate market, holding Breckenridge 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.

Breckenridge Home Appreciation Rates

In the last 10 years, Breckenridge has experienced some of the highest home appreciation rates of any community in the nation. Breckenridge real estate appreciated 47.01% over the last ten years, which is an average annual home appreciation rate of 3.93%, putting Breckenridge in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Breckenridge 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 Breckenridge that despite a nationwide downturn in the housing market, Breckenridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Breckenridge appreciation rates continue to be some of the highest in America, at 6.67%, which is higher than appreciation rates in 79.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Breckenridge. Breckenridge appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Breckenridge's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$100,643

Breckenridge, TX HOME PRICES

Value Range
> $1,161,000 0.0
$870,001 - $1,161,000 0.0
$580,001 - $870,000 2.3
$464,001 - $580,000 0.0
$348,001 - $464,000 0.0
$232,001 - $348,000 5.8
$116,001 - $232,000 24.7
$58,001 - $116,000 31.0
$0 - $58,000 36.1

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
77.1709832415329 64.4941634241245

Number Of Homes And Apartments:
2,100

Breckenridge 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
94.86% 3.94% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$759 / per month

Homeownership Rate

Homeownership
Owners 65.65
Renters 34.35
Vacant 23.50

Housing Market Details

 

Age of Homes

AGE OF Breckenridge HOMES
2000 or Newer 1.4
1970 - 1999 31.7
1940 - 1969 50.9
1939 or Older 15.9

Types of Homes

TYPE OF Breckenridge HOMES
Single-Family 78.3
Townhomes 1.2
Small Apt. Buildings 5.4
Apt. Complexes 9.0
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Breckenridge HOMES
No Bedroom 1.28
1 Bedroom 9.03
2 Bedrooms 33.62
3 Bedrooms 45.57
4 Bedrooms 8.09
5 or more bedrooms 2.40

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