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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Castle Hills Housing Market Information

With a population of 4,470, 1,694 total housing units (homes and apartments), and a median house value of $349,979, 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 73.52% of the city's housing units. Other types of housing that are prevalent in Castle Hills include large apartment complexes or high rise apartments ( 25.21%).

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 75.73% of Castle Hills's homes, and 54.98% 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 63.11% of the city's housing hails from this era. Other housing ages represented in Castle Hills include homes built between 1970-1999 ( 28.60%) and housing constructed between 2000 and later ( 6.62%). There's also some housing in Castle Hills built before 1939 ( 1.67%).

Vacant housing appears to be an issue in Castle Hills. Fully 14.40% 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 61.51% over the last ten years, which is an average annual home appreciation rate of 4.91%, putting Castle Hills in the top 20% 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.

Over the last year, Castle Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Castle Hills's appreciation rate has been 3.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Castle Hills were at 0.44%, which equates to an annual appreciation rate of 1.78%.

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

Relative to Texas, our data show that Castle Hills's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 
info

Median Home Value:
$349,979

Castle Hills, TX HOME PRICES

> $1,236,000
0.3%
0.3%
$927,001 - $1,236,000
0.0%
0.0%
$618,001 - $927,000
5.7%
5.7%
$494,001 - $618,000
14.1%
14.1%
$371,001 - $494,000
22.3%
22.3%
$247,001 - $371,000
40.4%
40.4%
$124,001 - $247,000
15.4%
15.4%
$62,001 - $124,000
1.1%
1.1%
$0 - $62,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
1,694

Castle Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
133.81% 4.18%
8
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,263 / per month

Homeownership Rate

Owners
75.7%
75.7%
Renters
24.3%
24.3%
Vacant
14.4%
14.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
6.6%
6.6%
1970 - 1999
28.6%
28.6%
1940 - 1969
63.1%
63.1%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.5%
73.5%
Townhomes
0.6%
0.6%
Small Apt. Buildings
0.7%
0.7%
Apt. Complexes
25.2%
25.2%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.4%
7.4%
1 Bedroom
16.2%
16.2%
2 Bedrooms
9.1%
9.1%
3 Bedrooms
34.1%
34.1%
4 Bedrooms
20.9%
20.9%
5 or more bedrooms
12.3%
12.3%
0.0% 100.0%
% OF HOMES