Canyon Lake, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Canyon Lake Neighborhoods Since 2000




Canyon Lake, 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

Canyon Lake Housing Market Information

With 24,223 people, 9,537 houses or apartments, and a median cost of homes of $177,322, Canyon Lake real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Canyon Lake, accounting for 75.35% of the town's housing units. Other types of housing that are prevalent in Canyon Lake include mobile homes or trailers ( 18.47%), large apartment complexes or high rise apartments ( 4.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Canyon Lake. Owner-occupied housing accounts for 80.51% of Canyon Lake's homes, and 62.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Canyon Lake 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 Canyon Lake built between 2000 and later ( 35.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.47%).

Vacant housing appears to be an issue in Canyon Lake. Fully 23.64% of the housing stock is classified as vacant. Left unchecked, vacant Canyon Lake homes and apartments can be a drag on the real estate market, holding Canyon Lake 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.

Canyon Lake Home Appreciation Rates

In the last 10 years, Canyon Lake has experienced some of the highest home appreciation rates of any community in the nation. Canyon Lake real estate appreciated 28.55% over the last ten years, which is an average annual home appreciation rate of 2.54%, putting Canyon Lake in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canyon Lake 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 Canyon Lake that despite a nationwide downturn in the housing market, Canyon Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Canyon Lake appreciation rates continue to be some of the highest in America, at 6.14%, which is higher than appreciation rates in 75.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Canyon Lake. Canyon Lake appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.83%.

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

Average Home Values

 

Median Home Value:
$177,322

Canyon Lake, TX HOME PRICES

Value Range
> $1,197,000 1.9
$897,001 - $1,197,000 1.0
$598,001 - $897,000 5.4
$479,001 - $598,000 5.8
$359,001 - $479,000 11.0
$239,001 - $359,000 17.7
$120,001 - $239,000 28.9
$60,001 - $120,000 15.6
$0 - $60,000 12.6

High for TX
High for Nation

Value Relative to Nation Value Relative to State
39.0776983475917 22.2762645914397

Number Of Homes And Apartments:
9,537

Canyon Lake 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
77.17% 3.37% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,164 / per month

Homeownership Rate

Homeownership
Owners 80.51
Renters 19.49
Vacant 23.64

Housing Market Details

 

Age of Homes

AGE OF Canyon Lake HOMES
2000 or Newer 35.5
1970 - 1999 51.3
1940 - 1969 12.5
1939 or Older 0.7

Types of Homes

TYPE OF Canyon Lake HOMES
Single-Family 75.4
Townhomes 0.2
Small Apt. Buildings 1.0
Apt. Complexes 4.5
Mobile Homes 18.5
Other 0.4

Home Size

SIZE OF Canyon Lake HOMES
No Bedroom 1.30
1 Bedroom 7.42
2 Bedrooms 25.68
3 Bedrooms 47.91
4 Bedrooms 14.78
5 or more bedrooms 2.91

Zip Codes in Canyon Lake, TX