Ennis, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ennis Neighborhoods Since 2000




Ennis, 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

Ennis Housing Market Information

With 19,007 people, 6,345 houses or apartments, and a median cost of homes of $128,590, house prices in Ennis are solidly below the national average.

Single-family detached homes are the single most common housing type in Ennis, accounting for 71.98% of the city's housing units. Other types of housing that are prevalent in Ennis include duplexes, homes converted to apartments or other small apartment buildings ( 12.22%), large apartment complexes or high rise apartments ( 10.59%), and a few mobile homes or trailers ( 2.75%).

The most prevalent building size and type in Ennis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.10% owning and 47.90% renting.

There is a lot of housing in Ennis 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 Ennis built between 1940-1969 ( 30.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.27%). There's also some housing in Ennis built before 1939 ( 7.37%).

Ennis Home Appreciation Rates

In the last 10 years, Ennis has experienced some of the highest home appreciation rates of any community in the nation. Ennis real estate appreciated 19.81% over the last ten years, which is an average annual home appreciation rate of 1.82%, putting Ennis in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ennis 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 Ennis that despite a nationwide downturn in the housing market, Ennis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ennis appreciation rates continue to be some of the highest in America, at 6.46%, which is higher than appreciation rates in 77.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ennis. Ennis appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Ennis 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 Ennis's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$128,590

Ennis, TX HOME PRICES

Value Range
> $1,232,000 0.0
$924,001 - $1,232,000 0.0
$616,001 - $924,000 0.0
$493,001 - $616,000 0.5
$369,001 - $493,000 2.3
$246,001 - $369,000 7.9
$123,001 - $246,000 38.1
$62,001 - $123,000 38.0
$0 - $62,000 13.3

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
60.6469002695418 44.2607003891051

Number Of Homes And Apartments:
6,345

Ennis 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
46.88% 2.25% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,057 / per month

Homeownership Rate

Homeownership
Owners 52.10
Renters 47.90
Vacant 6.14

Housing Market Details

 

Age of Homes

AGE OF Ennis HOMES
2000 or Newer 16.3
1970 - 1999 45.6
1940 - 1969 30.8
1939 or Older 7.4

Types of Homes

TYPE OF Ennis HOMES
Single-Family 72.0
Townhomes 2.5
Small Apt. Buildings 12.2
Apt. Complexes 10.6
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Ennis HOMES
No Bedroom 1.05
1 Bedroom 7.83
2 Bedrooms 28.15
3 Bedrooms 52.13
4 Bedrooms 9.96
5 or more bedrooms 0.89

Popular Neighborhoods in Ennis

Zip Codes in Ennis, TX