Cedar Park, 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

Cedar Park Housing Market Information

With a population of 79,462, 23,463 total housing units (homes and apartments), and a median house value of $330,089, Cedar Park real estate is some of the most expensive in Texas, although Cedar Park home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cedar Park, accounting for 74.95% of the city's housing units. Other types of housing that are prevalent in Cedar Park include large apartment complexes or high rise apartments ( 19.94%), duplexes, homes converted to apartments or other small apartment buildings ( 2.37%), and a few row houses and other attached homes ( 1.44%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cedar Park. Owner-occupied housing accounts for 68.13% of Cedar Park's homes, and 68.43% have either three or four bedrooms, which is average sized relative to America.

Cedar Park homes and real estate are some of the newest in America. 60.15% of Cedar Park's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cedar Park real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.90%), and between 1940-1969 ( 1.81%).

Cedar Park Home Appreciation Rates

In the last 10 years, Cedar Park has experienced some of the highest home appreciation rates of any community in the nation. Cedar Park real estate appreciated 74.93% over the last ten years, which is an average annual home appreciation rate of 5.75%, putting Cedar Park in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cedar Park 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 Cedar Park that despite a nationwide downturn in the housing market, Cedar Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cedar Park appreciation rates continue to be some of the highest in America, at 5.11%, which is higher than appreciation rates in 73.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cedar Park. Cedar Park appreciation rates in the latest quarter were at 2.25%, which equates to an annual appreciation rate of 9.31%.

Importantly, this makes Cedar Park 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 Cedar Park's latest annual appreciation rate is higher than 80% 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 Cedar Park differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cedar Park - 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 Cedar Park real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$330,089

Cedar Park, TX HOME PRICES

> $1,286,000
0.8%
0.8%
$965,001 - $1,286,000
0.3%
0.3%
$643,001 - $965,000
4.4%
4.4%
$514,001 - $643,000
8.6%
8.6%
$386,001 - $514,000
18.9%
18.9%
$257,001 - $386,000
40.4%
40.4%
$129,001 - $257,000
24.1%
24.1%
$64,001 - $129,000
0.9%
0.9%
$0 - $64,000
1.5%
1.5%
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:
23,463

Cedar Park 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
108.36% 3.60%
6
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,768 / per month

Homeownership Rate

Owners
68.1%
68.1%
Renters
31.9%
31.9%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
60.2%
60.2%
1970 - 1999
37.9%
37.9%
1940 - 1969
1.8%
1.8%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.0%
75.0%
Townhomes
1.4%
1.4%
Small Apt. Buildings
2.4%
2.4%
Apt. Complexes
19.9%
19.9%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
10.8%
10.8%
2 Bedrooms
12.0%
12.0%
3 Bedrooms
36.7%
36.7%
4 Bedrooms
31.8%
31.8%
5 or more bedrooms
7.8%
7.8%
0.0% 100.0%
% OF HOMES