Ennis TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 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 about Scout's Real Estate Data

Ennis Housing Market Information

With 20,357 people, 6,211 houses or apartments, and a median cost of homes of $163,925, 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 73.96% of the city's housing units. Other types of housing that are prevalent in Ennis include large apartment complexes or high rise apartments ( 10.70%), duplexes, homes converted to apartments or other small apartment buildings ( 9.49%), and a few mobile homes or trailers ( 4.10%).

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 57.88% owning and 42.12% 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 ( 29.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.06%). There's also some housing in Ennis built before 1939 ( 6.44%).

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 54.09% over the last ten years, which is an average annual home appreciation rate of 4.42%, 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.

NeighborhoodScout's data show that during the latest twelve months, Ennis's appreciation rate, at 3.89%, has been at or slightly above the national average. In the latest quarter, Ennis's appreciation rate has been 1.14%, which annualizes to a rate of 4.63%.

Relative to Texas, our data show that Ennis's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$163,925

Ennis, TX HOME PRICES

Value Range
> $1,277,000 0.0
$958,001 - $1,277,000 0.3
$638,001 - $958,000 0.1
$511,001 - $638,000 0.6
$383,001 - $511,000 5.5
$255,001 - $383,000 11.4
$127,001 - $255,000 35.7
$64,001 - $127,000 31.8
$0 - $64,000 14.6

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
55.7255474452555 42.6770126091174

Number Of Homes And Apartments:
6,211

Ennis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
81.38% 2.91%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,285 / per month

Homeownership Rate

Homeownership
Owners 57.88
Renters 42.12
Vacant 6.12

Housing Market Details

 

Age of Homes

AGE OF Ennis HOMES
2000 or Newer 21.1
1970 - 1999 42.7
1940 - 1969 29.8
1939 or Older 6.4

Types of Homes

TYPE OF Ennis HOMES
Single-Family 74.0
Townhomes 1.8
Small Apt. Buildings 9.5
Apt. Complexes 10.7
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Ennis HOMES
No Bedroom 0.94
1 Bedroom 6.17
2 Bedrooms 29.56
3 Bedrooms 48.94
4 Bedrooms 12.24
5 or more bedrooms 2.15

Popular Neighborhoods in Ennis

Zip Codes in Ennis, TX