Clifton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Clifton, 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

Clifton Housing Market Information

With a population of 3,361, 1,209 total housing units (homes and apartments), and a median house value of $81,993, house prices in Clifton 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 Clifton, accounting for 86.50% of the city's housing units. Other types of housing that are prevalent in Clifton include duplexes, homes converted to apartments or other small apartment buildings ( 7.00%), large apartment complexes or high rise apartments ( 3.53%), and a few mobile homes or trailers ( 1.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clifton. Owner-occupied housing accounts for 68.33% of Clifton's homes, and 60.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clifton 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 Clifton built between 1940-1969 ( 38.73%). A lesser amount of the housing stock also hails from before 1939 ( 7.35%). There's also some housing in Clifton built between 2000 and later ( 5.80%).

Vacant housing appears to be an issue in Clifton. Fully 14.56% of the housing stock is classified as vacant. Left unchecked, vacant Clifton homes and apartments can be a drag on the real estate market, holding Clifton 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.

Clifton Home Appreciation Rates

In the last 10 years, Clifton has experienced some of the highest home appreciation rates of any community in the nation. Clifton real estate appreciated 27.27% over the last ten years, which is an average annual home appreciation rate of 2.44%, putting Clifton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clifton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Clifton's appreciation rate, at 5.33%, has been at or slightly above the national average. In the latest quarter, Clifton's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$81,993

Clifton, TX HOME PRICES

Value Range
> $1,127,000 1.6
$845,001 - $1,127,000 0.2
$563,001 - $845,000 0.8
$451,001 - $563,000 0.6
$338,001 - $451,000 1.0
$225,001 - $338,000 1.7
$113,001 - $225,000 22.5
$57,001 - $113,000 53.0
$0 - $57,000 18.6

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
89.1919606234619 81.5175097276265

Number Of Homes And Apartments:
1,209

Clifton 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
77.72% 3.39% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$789 / per month

Homeownership Rate

Homeownership
Owners 68.33
Renters 31.67
Vacant 14.56

Housing Market Details

 

Age of Homes

AGE OF Clifton HOMES
2000 or Newer 5.8
1970 - 1999 48.1
1940 - 1969 38.7
1939 or Older 7.3

Types of Homes

TYPE OF Clifton HOMES
Single-Family 86.5
Townhomes 1.2
Small Apt. Buildings 7.0
Apt. Complexes 3.5
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Clifton HOMES
No Bedroom 1.41
1 Bedroom 8.76
2 Bedrooms 27.42
3 Bedrooms 53.99
4 Bedrooms 6.71
5 or more bedrooms 1.70

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Zip Codes in Clifton, TX