Copperas Cove, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Copperas Cove Neighborhoods Since 2000




Copperas Cove, 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

Copperas Cove Housing Market Information

With 33,081 people, 11,829 houses or apartments, and a median cost of homes of $110,510, house prices in Copperas Cove are solidly below the national average.

Single-family detached homes are the single most common housing type in Copperas Cove, accounting for 75.47% of the city's housing units. Other types of housing that are prevalent in Copperas Cove include duplexes, homes converted to apartments or other small apartment buildings ( 12.36%), large apartment complexes or high rise apartments ( 8.93%), and a few row houses and other attached homes ( 1.65%).

The most prevalent building size and type in Copperas Cove are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.42% owning and 43.58% renting.

There is a lot of housing in Copperas Cove 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 Copperas Cove built between 2000 and later ( 20.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.75%).

Vacant housing appears to be an issue in Copperas Cove. Fully 14.76% of the housing stock is classified as vacant. Left unchecked, vacant Copperas Cove homes and apartments can be a drag on the real estate market, holding Copperas Cove 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.

Copperas Cove Home Appreciation Rates

Real estate appreciation rates in Copperas Cove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.

Over the last year, Copperas Cove appreciation rates have trailed the rest of the nation. In the last twelve months, Copperas Cove's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Copperas Cove were at 2.95%, which equates to an annual appreciation rate of 12.32%.

Importantly, NeighborhoodScout’s exclusive research found that Copperas Cove's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Texas, our data show that Copperas Cove's latest annual appreciation rate is lower than 90% 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 Copperas Cove differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Copperas Cove - 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 Copperas Cove real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$110,510

Copperas Cove, TX HOME PRICES

Value Range
> $1,014,000 0.4
$761,001 - $1,014,000 0.0
$507,001 - $761,000 0.1
$406,001 - $507,000 0.2
$304,001 - $406,000 1.4
$203,001 - $304,000 6.3
$102,001 - $203,000 39.0
$51,001 - $102,000 45.5
$0 - $51,000 7.1

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.0945740067971 55.8365758754864

Number Of Homes And Apartments:
11,829

Copperas Cove 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
16.35% 0.88% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,099 / per month

Homeownership Rate

Homeownership
Owners 56.42
Renters 43.58
Vacant 14.76

Housing Market Details

 

Age of Homes

AGE OF Copperas Cove HOMES
2000 or Newer 20.8
1970 - 1999 62.5
1940 - 1969 15.7
1939 or Older 1.0

Types of Homes

TYPE OF Copperas Cove HOMES
Single-Family 75.5
Townhomes 1.7
Small Apt. Buildings 12.4
Apt. Complexes 8.9
Mobile Homes 1.4
Other 0.2

Home Size

SIZE OF Copperas Cove HOMES
No Bedroom 1.25
1 Bedroom 6.84
2 Bedrooms 14.87
3 Bedrooms 52.39
4 Bedrooms 23.60
5 or more bedrooms 1.05