Corinth, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Corinth Neighborhoods Since 2000




Corinth, TX Real Estate Data


Corinth Housing Market Information

With 20,998 people, 7,126 houses or apartments, and a median cost of homes of $235,588, 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 85.18% of the city's housing units. Other types of housing that are prevalent in Corinth include large apartment complexes or high rise apartments ( 10.44%), duplexes, homes converted to apartments or other small apartment buildings ( 2.56%), and a few mobile homes or trailers ( 1.61%).

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 83.98% of Corinth's homes, and 78.58% 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 ( 42.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.25%).

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 36.05% over the last ten years, which is an average annual home appreciation rate of 3.13%, 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 8.91%, which is higher than appreciation rates in 95.32% 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 3.93%, which equates to an annual appreciation rate of 16.66%.

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 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$235,588

Corinth, TX HOME PRICES

Value Range
> $1,331,000 0.1
$999,001 - $1,331,000 0.1
$665,001 - $999,000 0.6
$533,001 - $665,000 0.8
$399,001 - $533,000 3.8
$266,001 - $399,000 21.9
$133,001 - $266,000 67.5
$67,001 - $133,000 2.3
$0 - $67,000 2.9

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
25.4494349124553 11.1650485436893

Number Of Homes And Apartments:
7,126

Rent & Ownership

 

Average Market Rent:
$1,366 / per month

Homeownership Rate

Homeownership
Owners 83.98
Renters 16.02
Vacant 5.38

Housing Market Details

 

Age of Homes

AGE OF Corinth HOMES
2000 or Newer 42.7
1970 - 1999 56.0
1940 - 1969 1.2
1939 or Older 0.0

Types of Homes

TYPE OF Corinth HOMES
Single-Family 85.2
Townhomes 0.0
Small Apt. Buildings 2.6
Apt. Complexes 10.4
Mobile Homes 1.6
Other 0.2

Home Size

SIZE OF Corinth HOMES
No Bedroom 0.00
1 Bedroom 8.09
2 Bedrooms 6.67
3 Bedrooms 42.41
4 Bedrooms 36.17
5 or more bedrooms 6.67

Corinth Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.20% 2.22% 1 5
* 10 is highest