Center, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Center Neighborhoods Since 2000




Center, 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

Center Housing Market Information

With a population of 5,211, 2,041 total housing units (homes and apartments), and a median house value of $98,974, house prices in Center are solidly below the national average.

Single-family detached homes are the single most common housing type in Center, accounting for 70.18% of the city's housing units. Other types of housing that are prevalent in Center include duplexes, homes converted to apartments or other small apartment buildings ( 17.50%), mobile homes or trailers ( 9.95%), and a few row houses and other attached homes ( 1.63%).

The most prevalent building size and type in Center are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.45% owning and 42.55% renting.

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. Center's housing was primarily built during this period, from the '40s through the '60s. A full 39.98% of the city's housing hails from this era. Other housing ages represented in Center include homes built between 1970-1999 ( 38.74%) and housing constructed between 2000 and later ( 14.80%). There's also some housing in Center built before 1939 ( 6.48%).

Vacant housing appears to be an issue in Center. Fully 12.44% of the housing stock is classified as vacant. Left unchecked, vacant Center homes and apartments can be a drag on the real estate market, holding Center 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.

Center Home Appreciation Rates

In the last 10 years, Center has experienced some of the highest home appreciation rates of any community in the nation. Center real estate appreciated 34.27% over the last ten years, which is an average annual home appreciation rate of 2.99%, putting Center in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Center 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 Center that despite a nationwide downturn in the housing market, Center real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Center appreciation rates continue to be some of the highest in America, at 6.05%, which is higher than appreciation rates in 74.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Center. Center appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Center's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$98,974

Center, TX HOME PRICES

Value Range
> $1,134,000 0.0
$850,001 - $1,134,000 0.0
$567,001 - $850,000 0.0
$454,001 - $567,000 2.5
$340,001 - $454,000 3.5
$227,001 - $340,000 6.1
$113,001 - $227,000 19.1
$57,001 - $113,000 48.0
$0 - $57,000 20.8

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
78.2462205554905 65.9533073929961

Number Of Homes And Apartments:
2,041

Center 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
61.67% 2.82% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$745 / per month

Homeownership Rate

Homeownership
Owners 57.45
Renters 42.55
Vacant 12.44

Housing Market Details

 

Age of Homes

AGE OF Center HOMES
2000 or Newer 14.8
1970 - 1999 38.7
1940 - 1969 40.0
1939 or Older 6.5

Types of Homes

TYPE OF Center HOMES
Single-Family 70.2
Townhomes 1.6
Small Apt. Buildings 17.5
Apt. Complexes 0.7
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Center HOMES
No Bedroom 1.46
1 Bedroom 10.30
2 Bedrooms 24.67
3 Bedrooms 53.93
4 Bedrooms 8.19
5 or more bedrooms 1.46

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Zip Codes in Center, TX