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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 30,020 people, 10,431 houses or apartments, and a median cost of homes of $104,813, house prices in Cleburne are solidly below the national average.
Single-family detached homes are the single most common housing type in Cleburne, accounting for 72.22% of the city's housing units. Other types of housing that are prevalent in Cleburne include large apartment complexes or high rise apartments ( 11.29%), duplexes, homes converted to apartments or other small apartment buildings ( 10.75%), and a few mobile homes or trailers ( 4.43%).
The most prevalent building size and type in Cleburne are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.12% owning and 43.88% renting.
There is a lot of housing in Cleburne built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Cleburne built between 1940-1969 ( 26.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.83%). There's also some housing in Cleburne built before 1939 ( 10.78%).
In the last 10 years, Cleburne has experienced some of the highest home appreciation rates of any community in the nation. Cleburne real estate appreciated 26.08% over the last ten years, which is an average annual home appreciation rate of 2.34%, putting Cleburne in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cleburne 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 Cleburne that despite a nationwide downturn in the housing market, Cleburne real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cleburne appreciation rates continue to be some of the highest in America, at 9.09%, which is higher than appreciation rates in 91.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cleburne. Cleburne appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes Cleburne 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 Cleburne'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 Cleburne differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cleburne - 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 Cleburne real estate investment or home purchase decisions.
|$926,001 - $1,235,000||0.3|
|$618,001 - $926,000||0.4|
|$494,001 - $618,000||0.6|
|$371,001 - $494,000||0.8|
|$247,001 - $371,000||6.7|
|$123,001 - $247,000||32.0|
|$62,001 - $123,000||39.6|
|$0 - $62,000||19.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Cleburne HOMES|
|2000 or Newer||18.8|
|1970 - 1999||43.7|
|1940 - 1969||26.7|
|1939 or Older||10.8|
|TYPE OF Cleburne HOMES|
|Small Apt. Buildings||10.8|
|SIZE OF Cleburne HOMES|
|5 or more bedrooms||1.86|