Buna, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Buna Neighborhoods Since 2000




Buna, TX Real Estate Data


Buna Housing Market Information

With 2,126 people, 771 houses or apartments, and a median cost of homes of $92,806, house prices in Buna are solidly below the national average.

Single-family detached homes are the single most common housing type in Buna, accounting for 67.61% of the town's housing units. Other types of housing that are prevalent in Buna include mobile homes or trailers ( 24.27%), large apartment complexes or high rise apartments ( 4.40%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.05%).

People in Buna primarily live in small (one, two or no bedroom) single-family detached homes. Buna has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Buna 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 Buna built between 1940-1969 ( 25.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.29%).

Vacant housing appears to be an issue in Buna. Fully 24.56% of the housing stock is classified as vacant. Left unchecked, vacant Buna homes and apartments can be a drag on the real estate market, holding Buna 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.

Buna Home Appreciation Rates

In the last 10 years, Buna has experienced some of the highest home appreciation rates of any community in the nation. Buna real estate appreciated 20.50% over the last ten years, which is an average annual home appreciation rate of 1.88%, putting Buna in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Buna 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 Buna that despite a nationwide downturn in the housing market, Buna real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Buna appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 80.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Buna. Buna appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Texas, our data show that Buna's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$92,806

Buna, TX HOME PRICES

Value Range
> $1,131,000 0.0
$848,001 - $1,131,000 0.0
$565,001 - $848,000 1.3
$452,001 - $565,000 0.0
$339,001 - $452,000 4.3
$226,001 - $339,000 3.7
$113,001 - $226,000 30.5
$57,001 - $113,000 39.0
$0 - $57,000 21.2

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
83.5626866545646 73.495145631068

Number Of Homes And Apartments:
771

Rent & Ownership

 

Average Market Rent:
$763 / per month

Homeownership Rate

Homeownership
Owners 64.88
Renters 35.12
Vacant 24.56

Housing Market Details

 

Age of Homes

AGE OF Buna HOMES
2000 or Newer 23.3
1970 - 1999 51.2
1940 - 1969 25.0
1939 or Older 0.5

Types of Homes

TYPE OF Buna HOMES
Single-Family 67.6
Townhomes 1.2
Small Apt. Buildings 2.1
Apt. Complexes 4.4
Mobile Homes 24.3
Other 0.5

Home Size

SIZE OF Buna HOMES
No Bedroom 0.00
1 Bedroom 8.22
2 Bedrooms 42.27
3 Bedrooms 45.11
4 Bedrooms 4.40
5 or more bedrooms 0.00

Buna Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
54.13% 2.58% 3 7
* 10 is highest

Popular Neighborhoods in Buna

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Zip Codes in Buna, TX