Corinth, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Corinth Neighborhoods Since 2000




Corinth, 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

Corinth Housing Market Information

With 20,998 people, 6,975 houses or apartments, and a median cost of homes of $233,319, Corinth real estate is some of the most expensive in Texas, although Corinth home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Corinth, accounting for 86.28% of the city's housing units. Other types of housing that are prevalent in Corinth include large apartment complexes or high rise apartments ( 8.62%), duplexes, homes converted to apartments or other small apartment buildings ( 2.97%), and a few mobile homes or trailers ( 1.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Corinth. Owner-occupied housing accounts for 83.01% of Corinth's homes, and 77.92% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Corinth 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 Corinth built between 2000 and later ( 41.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.14%).

Corinth Home Appreciation Rates

In the last 10 years, Corinth has experienced some of the highest home appreciation rates of any community in the nation. Corinth real estate appreciated 37.02% over the last ten years, which is an average annual home appreciation rate of 3.20%, putting Corinth in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Corinth definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Corinth that despite a nationwide downturn in the housing market, Corinth real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Corinth appreciation rates continue to be some of the highest in America, at 10.04%, which is higher than appreciation rates in 93.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Corinth. Corinth appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Corinth one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$233,319

Corinth, TX HOME PRICES

Value Range
> $1,311,000 0.1
$984,001 - $1,311,000 0.1
$656,001 - $984,000 0.6
$525,001 - $656,000 0.9
$393,001 - $525,000 4.7
$262,001 - $393,000 23.8
$131,001 - $262,000 63.4
$66,001 - $131,000 2.3
$0 - $66,000 4.0

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
25.2314543536857 10.7003891050584

Number Of Homes And Apartments:
6,975

Corinth 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
50.19% 2.39% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,315 / per month

Homeownership Rate

Homeownership
Owners 83.01
Renters 16.99
Vacant 5.73

Housing Market Details

 

Age of Homes

AGE OF Corinth HOMES
2000 or Newer 41.8
1970 - 1999 57.0
1940 - 1969 1.1
1939 or Older 0.0

Types of Homes

TYPE OF Corinth HOMES
Single-Family 86.3
Townhomes 0.0
Small Apt. Buildings 3.0
Apt. Complexes 8.6
Mobile Homes 1.9
Other 0.2

Home Size

SIZE OF Corinth HOMES
No Bedroom 0.00
1 Bedroom 7.04
2 Bedrooms 6.54
3 Bedrooms 42.09
4 Bedrooms 35.83
5 or more bedrooms 8.50