Crosby TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Crosby Housing Market Information

With 2,575 people, 932 houses or apartments, and a median cost of homes of $199,842, 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 69.33% of the town's housing units. Other types of housing that are prevalent in Crosby include mobile homes or trailers ( 19.07%), large apartment complexes or high rise apartments ( 6.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.56%).

The most prevalent building size and type in Crosby are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.26% owning and 44.74% renting.

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 ( 25.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.11%). There's also some housing in Crosby built before 1939 ( 14.20%).

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 68.34% over the last ten years, which is an average annual home appreciation rate of 5.35%, 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 2.09%, 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 1.33%, which equates to an annual appreciation rate of 5.45%.

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:
$199,842

Crosby, TX HOME PRICES

Value Range
> $1,227,000 0.0
$920,001 - $1,227,000 0.4
$613,001 - $920,000 0.4
$491,001 - $613,000 3.9
$368,001 - $491,000 7.9
$245,001 - $368,000 22.0
$123,001 - $245,000 40.0
$61,001 - $123,000 17.9
$0 - $61,000 7.5

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
41.4832116788321 27.9340446168768

Number Of Homes And Apartments:
932

Crosby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
122.10% 3.97%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$999 / per month

Homeownership Rate

Homeownership
Owners 55.26
Renters 44.74
Vacant 3.42

Housing Market Details

 

Age of Homes

AGE OF Crosby HOMES
2000 or Newer 25.2
1970 - 1999 37.5
1940 - 1969 23.1
1939 or Older 14.2

Types of Homes

TYPE OF Crosby HOMES
Single-Family 69.3
Townhomes 1.0
Small Apt. Buildings 4.6
Apt. Complexes 6.0
Mobile Homes 19.1
Other 0.0

Home Size

SIZE OF Crosby HOMES
No Bedroom 1.76
1 Bedroom 6.22
2 Bedrooms 23.11
3 Bedrooms 47.67
4 Bedrooms 19.48
5 or more bedrooms 1.76