Conroe, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Conroe Neighborhoods Since 2000




Conroe, 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

Conroe Housing Market Information

With a population of 68,602, 22,350 total housing units (homes and apartments), and a median house value of $134,023, house prices in Conroe are solidly below the national average.

Single-family detached homes are the single most common housing type in Conroe, accounting for 50.37% of the city's housing units. Other types of housing that are prevalent in Conroe include large apartment complexes or high rise apartments ( 32.41%), mobile homes or trailers ( 8.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.21%).

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

There is a lot of housing in Conroe 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 Conroe built between 2000 and later ( 40.04%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.26%). There's also some housing in Conroe built before 1939 ( 1.03%).

Conroe Home Appreciation Rates

In the last 10 years, Conroe has experienced some of the highest home appreciation rates of any community in the nation. Conroe real estate appreciated 26.77% over the last ten years, which is an average annual home appreciation rate of 2.40%, putting Conroe in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Conroe 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, Conroe's appreciation rate, at 4.16%, has been at or slightly above the national average. In the latest quarter, Conroe's appreciation rate has been -0.09%, which annualizes to a rate of -0.38%.

Relative to Texas, our data show that Conroe'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 Conroe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Conroe - 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 Conroe real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$134,023

Conroe, TX HOME PRICES

Value Range
> $1,187,000 0.7
$890,001 - $1,187,000 0.6
$593,001 - $890,000 1.5
$474,001 - $593,000 2.7
$356,001 - $474,000 5.2
$237,001 - $356,000 12.4
$119,001 - $237,000 38.9
$59,001 - $119,000 26.2
$0 - $59,000 11.8

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
57.6116254541193 40.6614785992218

Number Of Homes And Apartments:
22,350

Conroe 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
57.73% 2.68% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,033 / per month

Homeownership Rate

Homeownership
Owners 46.62
Renters 53.38
Vacant 9.71

Housing Market Details

 

Age of Homes

AGE OF Conroe HOMES
2000 or Newer 40.0
1970 - 1999 47.7
1940 - 1969 11.3
1939 or Older 1.0

Types of Homes

TYPE OF Conroe HOMES
Single-Family 50.4
Townhomes 2.5
Small Apt. Buildings 6.2
Apt. Complexes 32.4
Mobile Homes 8.4
Other 0.2

Home Size

SIZE OF Conroe HOMES
No Bedroom 2.00
1 Bedroom 17.49
2 Bedrooms 29.90
3 Bedrooms 33.02
4 Bedrooms 15.62
5 or more bedrooms 1.98