Clute, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clute Neighborhoods Since 2000




Clute, 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

Clute Housing Market Information

With a population of 11,444, 4,089 total housing units (homes and apartments), and a median house value of $171,313, Clute real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Clute, accounting for 44.80% of the city's housing units. Other types of housing that are prevalent in Clute include large apartment complexes or high rise apartments ( 40.56%), duplexes, homes converted to apartments or other small apartment buildings ( 7.50%), and a few mobile homes or trailers ( 6.30%).

People in Clute primarily live in small (one, two or no bedroom) single-family detached homes. Clute has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Clute 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 Clute built between 2000 and later ( 23.16%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.88%). There's also some housing in Clute built before 1939 ( 2.02%).

Vacant housing appears to be an issue in Clute. Fully 16.62% of the housing stock is classified as vacant. Left unchecked, vacant Clute homes and apartments can be a drag on the real estate market, holding Clute 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.

Clute Home Appreciation Rates

In the last 10 years, Clute has experienced some of the highest home appreciation rates of any community in the nation. Clute real estate appreciated 33.88% over the last ten years, which is an average annual home appreciation rate of 2.96%, putting Clute in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Clute 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 Clute that despite a nationwide downturn in the housing market, Clute real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Clute appreciation rates continue to be some of the highest in America, at 12.03%, which is higher than appreciation rates in 97.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Clute. Clute appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

Relative to Texas, our data show that Clute's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$171,313

Clute, TX HOME PRICES

Value Range
> $1,294,000 0.0
$971,001 - $1,294,000 0.0
$647,001 - $971,000 0.0
$518,001 - $647,000 0.0
$388,001 - $518,000 2.0
$259,001 - $388,000 12.0
$129,001 - $259,000 27.3
$65,001 - $129,000 39.7
$0 - $65,000 18.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
41.1695769365991 24.8054474708171

Number Of Homes And Apartments:
4,089

Clute 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
69.67% 3.11% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,022 / per month

Homeownership Rate

Homeownership
Owners 41.75
Renters 58.25
Vacant 16.62

Housing Market Details

 

Age of Homes

AGE OF Clute HOMES
2000 or Newer 23.2
1970 - 1999 51.9
1940 - 1969 22.9
1939 or Older 2.0

Types of Homes

TYPE OF Clute HOMES
Single-Family 44.8
Townhomes 0.4
Small Apt. Buildings 7.5
Apt. Complexes 40.6
Mobile Homes 6.3
Other 0.5

Home Size

SIZE OF Clute HOMES
No Bedroom 1.02
1 Bedroom 26.04
2 Bedrooms 31.08
3 Bedrooms 35.46
4 Bedrooms 5.85
5 or more bedrooms 0.55