Castle Hills, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Castle Hills Neighborhoods Since 2000




Castle Hills, 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

Castle Hills Housing Market Information

With a population of 4,424, 1,792 total housing units (homes and apartments), and a median house value of $307,580, Castle Hills real estate is some of the most expensive in Texas, although Castle Hills home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Castle Hills, accounting for 72.14% of the city's housing units. Other types of housing that are prevalent in Castle Hills include large apartment complexes or high rise apartments ( 26.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Castle Hills. Owner-occupied housing accounts for 70.75% of Castle Hills's homes, and 59.23% 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. Castle Hills's housing was primarily built during this period, from the '40s through the '60s. A full 64.88% of the city's housing hails from this era. Other housing ages represented in Castle Hills include homes built between 1970-1999 ( 26.45%) and housing constructed between 2000 and later ( 7.50%). There's also some housing in Castle Hills built before 1939 ( 1.17%).

Vacant housing appears to be an issue in Castle Hills. Fully 12.71% of the housing stock is classified as vacant. Left unchecked, vacant Castle Hills homes and apartments can be a drag on the real estate market, holding Castle Hills 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.

Castle Hills Home Appreciation Rates

In the last 10 years, Castle Hills has experienced some of the highest home appreciation rates of any community in the nation. Castle Hills real estate appreciated 25.20% over the last ten years, which is an average annual home appreciation rate of 2.27%, putting Castle Hills in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Castle Hills 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 Castle Hills that despite a nationwide downturn in the housing market, Castle Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Castle Hills appreciation rates continue to be some of the highest in America, at 6.57%, which is higher than appreciation rates in 78.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Castle Hills. Castle Hills 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 Castle Hills's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$307,580

Castle Hills, TX HOME PRICES

Value Range
> $1,222,000 2.0
$917,001 - $1,222,000 2.3
$611,001 - $917,000 1.5
$489,001 - $611,000 8.2
$367,001 - $489,000 18.7
$245,001 - $367,000 39.2
$122,001 - $245,000 25.2
$61,001 - $122,000 1.6
$0 - $61,000 1.3

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
15.7154576350639 6.22568093385214

Number Of Homes And Apartments:
1,792

Castle Hills 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
87.65% 3.72% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,074 / per month

Homeownership Rate

Homeownership
Owners 70.75
Renters 29.25
Vacant 12.71

Housing Market Details

 

Age of Homes

AGE OF Castle Hills HOMES
2000 or Newer 7.5
1970 - 1999 26.4
1940 - 1969 64.9
1939 or Older 1.2

Types of Homes

TYPE OF Castle Hills HOMES
Single-Family 72.1
Townhomes 0.4
Small Apt. Buildings 0.8
Apt. Complexes 26.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Castle Hills HOMES
No Bedroom 7.26
1 Bedroom 14.61
2 Bedrooms 10.08
3 Bedrooms 33.95
4 Bedrooms 25.28
5 or more bedrooms 8.82