Converse, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Converse Neighborhoods Since 2000




Converse, 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

Converse Housing Market Information

With 21,987 people, 6,582 houses or apartments, and a median cost of homes of $165,660, Converse 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 Converse, accounting for 83.19% of the city's housing units. Other types of housing that are prevalent in Converse include large apartment complexes or high rise apartments ( 12.57%), row houses and other attached homes ( 1.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.56%).

The most prevalent building size and type in Converse are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.82% owning and 35.18% renting.

There is a lot of housing in Converse 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 Converse built between 2000 and later ( 41.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.07%). There's also some housing in Converse built before 1939 ( 1.49%).

Converse Home Appreciation Rates

In the last 10 years, Converse has experienced some of the highest home appreciation rates of any community in the nation. Converse real estate appreciated 18.82% over the last ten years, which is an average annual home appreciation rate of 1.74%, putting Converse in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Converse 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, Converse's appreciation rate, at 4.68%, has been at or slightly above the national average. In the latest quarter, Converse's appreciation rate has been 0.94%, which annualizes to a rate of 3.83%.

Relative to Texas, our data show that Converse's latest annual appreciation rate is lower than 60% 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 Converse differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Converse - 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 Converse real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$165,660

Converse, TX HOME PRICES

Value Range
> $1,195,000 0.1
$896,001 - $1,195,000 0.1
$597,001 - $896,000 0.2
$477,001 - $597,000 0.0
$358,001 - $477,000 0.7
$239,001 - $358,000 7.9
$119,001 - $239,000 63.4
$60,001 - $119,000 20.8
$0 - $60,000 6.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
43.3669283956405 26.8482490272374

Number Of Homes And Apartments:
6,582

Converse 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
73.80% 3.26% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,290 / per month

Homeownership Rate

Homeownership
Owners 64.82
Renters 35.18
Vacant 5.69

Housing Market Details

 

Age of Homes

AGE OF Converse HOMES
2000 or Newer 41.4
1970 - 1999 49.1
1940 - 1969 8.1
1939 or Older 1.5

Types of Homes

TYPE OF Converse HOMES
Single-Family 83.2
Townhomes 1.6
Small Apt. Buildings 1.6
Apt. Complexes 12.6
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Converse HOMES
No Bedroom 0.52
1 Bedroom 1.82
2 Bedrooms 12.65
3 Bedrooms 53.00
4 Bedrooms 29.27
5 or more bedrooms 2.74