Cedar Park, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cedar Park, TX Real Estate Data


Cedar Park Housing Market Information

With 65,945 people, 19,667 houses or apartments, and a median cost of homes of $301,051, 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 75.28% of the city's housing units. Other types of housing that are prevalent in Cedar Park include large apartment complexes or high rise apartments ( 18.62%), duplexes, homes converted to apartments or other small apartment buildings ( 2.76%), and a few mobile homes or trailers ( 2.00%).

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 68.92% of Cedar Park's homes, and 67.75% 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. 53.75% 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 ( 43.75%), and between 1940-1969 ( 2.35%).

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 51.84% over the last ten years, which is an average annual home appreciation rate of 4.26%, 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 7.31%, which is higher than appreciation rates in 87.16% 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 4.07%, which equates to an annual appreciation rate of 17.31%.

Importantly, NeighborhoodScout’s exclusive research found that Cedar Park's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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 60% 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

 

Median Home Value:
$301,051

Cedar Park, TX HOME PRICES

Value Range
> $1,396,000 0.2
$1,047,001 - $1,396,000 0.4
$698,001 - $1,047,000 1.3
$559,001 - $698,000 4.2
$419,001 - $559,000 11.6
$279,001 - $419,000 31.4
$140,001 - $279,000 46.5
$70,001 - $140,000 2.3
$0 - $70,000 2.2

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
16.8062306025649 6.50485436893204

Number Of Homes And Apartments:
19,667

Rent & Ownership

 

Average Market Rent:
$1,555 / per month

Homeownership Rate

Homeownership
Owners 68.92
Renters 31.08
Vacant 4.66

Housing Market Details

 

Age of Homes

AGE OF Cedar Park HOMES
2000 or Newer 53.8
1970 - 1999 43.8
1940 - 1969 2.4
1939 or Older 0.1

Types of Homes

TYPE OF Cedar Park HOMES
Single-Family 75.3
Townhomes 1.3
Small Apt. Buildings 2.8
Apt. Complexes 18.6
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Cedar Park HOMES
No Bedroom 1.32
1 Bedroom 10.11
2 Bedrooms 12.71
3 Bedrooms 39.28
4 Bedrooms 28.47
5 or more bedrooms 8.12

Cedar Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
66.72% 3.05% 5 8
* 10 is highest