Carrollton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Carrollton Neighborhoods Since 2000




Carrollton, TX Real Estate Data


Carrollton Housing Market Information

With 133,168 people, 45,263 houses or apartments, and a median cost of homes of $235,632, Carrollton real estate is some of the most expensive in Texas, although Carrollton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Carrollton, accounting for 61.79% of the city's housing units. Other types of housing that are prevalent in Carrollton include large apartment complexes or high rise apartments ( 28.01%), duplexes, homes converted to apartments or other small apartment buildings ( 5.19%), and a few row houses and other attached homes ( 4.47%).

The most prevalent building size and type in Carrollton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.63% owning and 39.37% renting.

There is a lot of housing in Carrollton 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 Carrollton built between 2000 and later ( 15.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.87%).

Carrollton Home Appreciation Rates

In the last 10 years, Carrollton has experienced some of the highest home appreciation rates of any community in the nation. Carrollton real estate appreciated 39.87% over the last ten years, which is an average annual home appreciation rate of 3.41%, putting Carrollton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Carrollton 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 Carrollton that despite a nationwide downturn in the housing market, Carrollton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carrollton appreciation rates continue to be some of the highest in America, at 11.81%, which is higher than appreciation rates in 96.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carrollton. Carrollton appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.50%.

Importantly, this makes Carrollton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Carrollton's latest annual appreciation rate is higher than 90% 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 Carrollton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carrollton - 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 Carrollton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$235,632

Carrollton, TX HOME PRICES

Value Range
> $1,333,000 0.1
$1,000,001 - $1,333,000 0.4
$666,001 - $1,000,000 1.6
$533,001 - $666,000 2.2
$400,001 - $533,000 5.5
$267,001 - $400,000 23.6
$133,001 - $267,000 54.3
$67,001 - $133,000 8.9
$0 - $67,000 3.3

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
24.4404078284308 10.2140077821012

Number Of Homes And Apartments:
45,263

Rent & Ownership

 

Average Market Rent:
$1,262 / per month

Homeownership Rate

Homeownership
Owners 60.63
Renters 39.37
Vacant 3.84

Housing Market Details

 

Age of Homes

AGE OF Carrollton HOMES
2000 or Newer 15.4
1970 - 1999 74.2
1940 - 1969 9.9
1939 or Older 0.6

Types of Homes

TYPE OF Carrollton HOMES
Single-Family 61.8
Townhomes 4.5
Small Apt. Buildings 5.2
Apt. Complexes 28.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Carrollton HOMES
No Bedroom 0.52
1 Bedroom 13.47
2 Bedrooms 22.22
3 Bedrooms 38.93
4 Bedrooms 21.56
5 or more bedrooms 3.30

Carrollton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
65.00% 2.95% 4 8
* 10 is highest