College Station, TX Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

College Station, TX Housing Market Trends

With 117,911 people, 40,357 houses or apartments, and a median cost of homes of $245,803, College Station real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in College Station, accounting for 43.92% of the city's housing units. Other types of housing that are prevalent in College Station include large apartment complexes or high rise apartments ( 31.20%), duplexes, homes converted to apartments or other small apartment buildings ( 17.26%), and a few row houses and other attached homes ( 6.52%).

Renters dominate College Station's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in College Station 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 College Station built between 2000 and later ( 40.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.90%).

Vacant housing appears to be an issue in College Station. Fully 12.94% of the housing stock is classified as vacant. Left unchecked, vacant College Station homes and apartments can be a drag on the real estate market, holding College Station 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.

College Station Home Appreciation Rates

Appreciation rates for homes in College Station have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.39%, which ranks in the top 30% nationwide. This equates to an annual average College Station house appreciation rate of 4.23%.

Over the last year, College Station appreciation rates have trailed the rest of the nation. In the last twelve months, College Station's appreciation rate has been 4.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in College Station were at 1.61%, which equates to an annual appreciation rate of 6.61%.

Notably, College Station's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that College Station's latest annual appreciation rate is lower than 70% 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 College Station differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in College Station - 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 College Station real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$245,803

College Station, TX HOME PRICES

> $1,133,000
1.3%
1.3%
$850,001 - $1,133,000
1.8%
1.8%
$567,001 - $850,000
2.9%
2.9%
$453,001 - $567,000
4.4%
4.4%
$340,001 - $453,000
12.1%
12.1%
$227,001 - $340,000
33.6%
33.6%
$113,001 - $227,000
38.9%
38.9%
$57,001 - $113,000
2.6%
2.6%
$0 - $57,000
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
40,357

College Station Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
133.98% 4.13%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,113 / per month

Homeownership Rate

Owners
33.8%
33.8%
Renters
66.2%
66.2%
Vacant
12.9%
12.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
40.2%
40.2%
1970 - 1999
52.3%
52.3%
1940 - 1969
6.9%
6.9%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
43.9%
43.9%
Townhomes
6.5%
6.5%
Small Apt. Buildings
17.3%
17.3%
Apt. Complexes
31.2%
31.2%
Mobile Homes
1.0%
1.0%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
13.9%
13.9%
2 Bedrooms
26.9%
26.9%
3 Bedrooms
29.6%
29.6%
4 Bedrooms
24.0%
24.0%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Popular Communities Near College Station, TX

Zip Codes in College Station, TX