Dickinson, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dickinson, TX Real Estate Data


Dickinson Housing Market Information

With a population of 19,895, 6,407 total housing units (homes and apartments), and a median house value of $137,349, house prices in Dickinson are solidly below the national average.

Single-family detached homes are the single most common housing type in Dickinson, accounting for 71.29% of the city's housing units. Other types of housing that are prevalent in Dickinson include large apartment complexes or high rise apartments ( 12.02%), mobile homes or trailers ( 11.99%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.40%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dickinson. Owner-occupied housing accounts for 69.36% of Dickinson's homes, and 58.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dickinson 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 Dickinson built between 1940-1969 ( 23.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.02%).

Vacant housing appears to be an issue in Dickinson. Fully 11.89% of the housing stock is classified as vacant. Left unchecked, vacant Dickinson homes and apartments can be a drag on the real estate market, holding Dickinson 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.

Dickinson Home Appreciation Rates

In the last 10 years, Dickinson has experienced some of the highest home appreciation rates of any community in the nation. Dickinson real estate appreciated 20.34% over the last ten years, which is an average annual home appreciation rate of 1.87%, putting Dickinson in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dickinson 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, Dickinson appreciation rates have trailed the rest of the nation. In the last twelve months, Dickinson's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dickinson were at 1.83%, which equates to an annual appreciation rate of 7.53%.

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

Average Home Values

 

Median Home Value:
$137,349

Dickinson, TX HOME PRICES

Value Range
> $1,205,000 0.8
$903,001 - $1,205,000 0.0
$602,001 - $903,000 0.2
$482,001 - $602,000 1.0
$362,001 - $482,000 2.8
$241,001 - $362,000 7.4
$121,001 - $241,000 49.1
$60,001 - $121,000 20.4
$0 - $60,000 18.3

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
57.0123558001991 39.9029126213592

Number Of Homes And Apartments:
6,407

Rent & Ownership

 

Average Market Rent:
$959 / per month

Homeownership Rate

Homeownership
Owners 69.36
Renters 30.64
Vacant 11.89

Housing Market Details

 

Age of Homes

AGE OF Dickinson HOMES
2000 or Newer 22.0
1970 - 1999 54.2
1940 - 1969 23.2
1939 or Older 0.6

Types of Homes

TYPE OF Dickinson HOMES
Single-Family 71.3
Townhomes 1.3
Small Apt. Buildings 3.4
Apt. Complexes 12.0
Mobile Homes 12.0
Other 0.0

Home Size

SIZE OF Dickinson HOMES
No Bedroom 1.35
1 Bedroom 7.49
2 Bedrooms 27.42
3 Bedrooms 40.43
4 Bedrooms 18.56
5 or more bedrooms 4.74

Dickinson 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
56.47% 2.67% 3 7
* 10 is highest