Clute, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clute Neighborhoods Since 2000




Clute, TX Real Estate Data


Clute Housing Market Information

With 11,444 people, 4,060 houses or apartments, and a median cost of homes of $121,178, house prices in Clute are solidly below the national average.

Single-family detached homes are the single most common housing type in Clute, accounting for 47.39% of the city's housing units. Other types of housing that are prevalent in Clute include large apartment complexes or high rise apartments ( 38.36%), duplexes, homes converted to apartments or other small apartment buildings ( 6.71%), and a few mobile homes or trailers ( 6.69%).

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 1940-1969 ( 25.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.71%). There's also some housing in Clute built before 1939 ( 2.04%).

Vacant housing appears to be an issue in Clute. Fully 17.24% 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 27.19% over the last ten years, which is an average annual home appreciation rate of 2.43%, putting Clute in the top 20% 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.

Over the last year, Clute appreciation rates have trailed the rest of the nation. In the last twelve months, Clute's appreciation rate has been 2.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clute were at 1.83%, which equates to an annual appreciation rate of 7.53%.

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

Average Home Values

 

Median Home Value:
$121,178

Clute, TX HOME PRICES

Value Range
> $1,200,000 0.0
$900,001 - $1,200,000 0.0
$600,001 - $900,000 0.0
$480,001 - $600,000 0.0
$360,001 - $480,000 2.1
$240,001 - $360,000 10.6
$120,001 - $240,000 26.9
$60,001 - $120,000 40.2
$0 - $60,000 20.2

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
65.6497042806113 49.8058252427184

Number Of Homes And Apartments:
4,060

Rent & Ownership

 

Average Market Rent:
$857 / per month

Homeownership Rate

Homeownership
Owners 44.67
Renters 55.33
Vacant 17.24

Housing Market Details

 

Age of Homes

AGE OF Clute HOMES
2000 or Newer 21.7
1970 - 1999 50.5
1940 - 1969 25.7
1939 or Older 2.0

Types of Homes

TYPE OF Clute HOMES
Single-Family 47.4
Townhomes 0.4
Small Apt. Buildings 6.7
Apt. Complexes 38.4
Mobile Homes 6.7
Other 0.4

Home Size

SIZE OF Clute HOMES
No Bedroom 0.84
1 Bedroom 22.16
2 Bedrooms 31.04
3 Bedrooms 40.40
4 Bedrooms 4.67
5 or more bedrooms 0.90

Clute Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.80% 2.64% 3 7
* 10 is highest