Canyon, TX


Highest Appreciating Canyon Neighborhoods Since 2000

Canyon, 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 Housing Market Information

With 14,887 people, 5,248 houses or apartments, and a median cost of homes of $156,104, Canyon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Canyon, accounting for 62.45% of the city's housing units. Other types of housing that are prevalent in Canyon include large apartment complexes or high rise apartments ( 24.68%), duplexes, homes converted to apartments or other small apartment buildings ( 7.78%), and a few mobile homes or trailers ( 2.57%).

The most prevalent building size and type in Canyon are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.44% owning and 57.56% renting.

There is a lot of housing in Canyon 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 built between 1940-1969 ( 28.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.02%). There's also some housing in Canyon built before 1939 ( 6.45%).

Canyon Home Appreciation Rates

In the last 10 years, Canyon has experienced some of the highest home appreciation rates of any community in the nation. Canyon real estate appreciated 25.73% over the last ten years, which is an average annual home appreciation rate of 2.32%, putting Canyon in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Canyon 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, Canyon appreciation rates have trailed the rest of the nation. In the last twelve months, Canyon's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Canyon were at -0.91%, which equates to an annual appreciation rate of -3.61%.

Notably, Canyon's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Canyon's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values


Median Home Value:


Value Range
> $1,128,000 1.5
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.3
$451,001 - $564,000 0.7
$338,001 - $451,000 4.0
$226,001 - $338,000 16.3
$113,001 - $226,000 57.6
$56,001 - $113,000 15.2
$0 - $56,000 4.4

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
47.3690378530411 30.5447470817121

Number Of Homes And Apartments:

Canyon Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
64.59% 2.93% 4 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$982 / per month

Homeownership Rate

Owners 42.44
Renters 57.56
Vacant 8.71

Housing Market Details


Age of Homes

2000 or Newer 14.0
1970 - 1999 50.6
1940 - 1969 28.9
1939 or Older 6.5

Types of Homes

Single-Family 62.4
Townhomes 2.5
Small Apt. Buildings 7.8
Apt. Complexes 24.7
Mobile Homes 2.6
Other 0.0

Home Size

No Bedroom 1.60
1 Bedroom 18.25
2 Bedrooms 24.06
3 Bedrooms 42.48
4 Bedrooms 10.99
5 or more bedrooms 2.63

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Zip Codes in Canyon, TX