Childress, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Childress Neighborhoods Since 2000




Childress, 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

Childress Housing Market Information

With a population of 6,101, 1,968 total housing units (homes and apartments), and a median house value of $82,362, house prices in Childress are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Childress, accounting for 70.69% of the city's housing units. Other types of housing that are prevalent in Childress include large apartment complexes or high rise apartments ( 13.40%), mobile homes or trailers ( 7.94%), and a few row houses and other attached homes ( 4.82%).

The most prevalent building size and type in Childress are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.81% owning and 53.19% 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. Childress's housing was primarily built during this period, from the '40s through the '60s. A full 36.15% of the city's housing hails from this era. Other housing ages represented in Childress include homes built between 1970-1999 ( 30.36%) and housing constructed before 1939 ( 20.36%). There's also some housing in Childress built between 2000 and later ( 13.12%).

Vacant housing appears to be an issue in Childress. Fully 20.32% of the housing stock is classified as vacant. Left unchecked, vacant Childress homes and apartments can be a drag on the real estate market, holding Childress 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.

Childress Home Appreciation Rates

In the last 10 years, Childress has experienced some of the highest home appreciation rates of any community in the nation. Childress real estate appreciated 34.78% over the last ten years, which is an average annual home appreciation rate of 3.03%, putting Childress in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Childress 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 Childress that despite a nationwide downturn in the housing market, Childress real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Childress appreciation rates continue to be some of the highest in America, at 5.93%, which is higher than appreciation rates in 73.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Childress. Childress 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 Childress's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$82,362

Childress, TX HOME PRICES

Value Range
> $1,143,000 0.0
$857,001 - $1,143,000 0.0
$572,001 - $857,000 0.0
$457,001 - $572,000 0.6
$343,001 - $457,000 2.8
$229,001 - $343,000 6.9
$114,001 - $229,000 16.9
$57,001 - $114,000 42.5
$0 - $57,000 30.3

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
88.9370678542131 80.9338521400778

Number Of Homes And Apartments:
1,968

Childress 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
75.87% 3.33% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 46.81
Renters 53.19
Vacant 20.32

Housing Market Details

 

Age of Homes

AGE OF Childress HOMES
2000 or Newer 13.1
1970 - 1999 30.4
1940 - 1969 36.2
1939 or Older 20.4

Types of Homes

TYPE OF Childress HOMES
Single-Family 70.7
Townhomes 4.8
Small Apt. Buildings 3.2
Apt. Complexes 13.4
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Childress HOMES
No Bedroom 2.51
1 Bedroom 8.79
2 Bedrooms 33.97
3 Bedrooms 45.38
4 Bedrooms 6.48
5 or more bedrooms 2.87

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Zip Codes in Childress, TX