Crosby, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crosby Neighborhoods Since 2000




Crosby, 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

Crosby Housing Market Information

With a population of 2,575, 900 total housing units (homes and apartments), and a median house value of $160,741, Crosby 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 Crosby, accounting for 75.11% of the town's housing units. Other types of housing that are prevalent in Crosby include mobile homes or trailers ( 17.84%), duplexes, homes converted to apartments or other small apartment buildings ( 3.21%), and a few large apartment complexes or high rise apartments ( 2.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crosby. Owner-occupied housing accounts for 71.86% of Crosby's homes, and 65.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Crosby 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 Crosby built between 2000 and later ( 26.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.96%). There's also some housing in Crosby built before 1939 ( 18.06%).

Crosby Home Appreciation Rates

In the last 10 years, Crosby has experienced some of the highest home appreciation rates of any community in the nation. Crosby real estate appreciated 37.75% over the last ten years, which is an average annual home appreciation rate of 3.25%, putting Crosby in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Crosby definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Crosby appreciation rates have trailed the rest of the nation. In the last twelve months, Crosby's appreciation rate has been -1.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crosby were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$160,741

Crosby, TX HOME PRICES

Value Range
> $1,206,000 0.0
$904,001 - $1,206,000 1.7
$603,001 - $904,000 0.1
$482,001 - $603,000 1.0
$362,001 - $482,000 5.0
$241,001 - $362,000 10.6
$120,001 - $241,000 50.2
$60,001 - $120,000 20.4
$0 - $60,000 11.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
45.3709129262862 28.4046692607004

Number Of Homes And Apartments:
900

Crosby 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
78.71% 3.42% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,058 / per month

Homeownership Rate

Homeownership
Owners 71.86
Renters 28.14
Vacant 3.85

Housing Market Details

 

Age of Homes

AGE OF Crosby HOMES
2000 or Newer 26.9
1970 - 1999 29.1
1940 - 1969 26.0
1939 or Older 18.1

Types of Homes

TYPE OF Crosby HOMES
Single-Family 75.1
Townhomes 0.9
Small Apt. Buildings 3.2
Apt. Complexes 3.0
Mobile Homes 17.8
Other 0.0

Home Size

SIZE OF Crosby HOMES
No Bedroom 2.56
1 Bedroom 2.88
2 Bedrooms 29.06
3 Bedrooms 51.50
4 Bedrooms 14.00
5 or more bedrooms 0.00