Fabens, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fabens Neighborhoods Since 2000




Fabens, 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

Fabens Housing Market Information

With 8,155 people, 1,993 houses or apartments, and a median cost of homes of $63,736, house prices in Fabens are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Fabens, accounting for 55.38% of the town's housing units. Other types of housing that are prevalent in Fabens include mobile homes or trailers ( 26.04%), large apartment complexes or high rise apartments ( 10.00%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fabens. Owner-occupied housing accounts for 68.95% of Fabens's homes, and 62.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fabens 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 Fabens built between 1940-1969 ( 13.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.48%). There's also some housing in Fabens built before 1939 ( 5.67%).

Vacant housing appears to be an issue in Fabens. Fully 10.99% of the housing stock is classified as vacant. Left unchecked, vacant Fabens homes and apartments can be a drag on the real estate market, holding Fabens 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.

Fabens Home Appreciation Rates

Real estate appreciation rates in Fabens's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.40% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fabens's appreciation rate, at 3.21%, has been at or slightly above the national average. In the latest quarter, Fabens's appreciation rate has been 0.83%, which annualizes to a rate of 3.36%.

Relative to Texas, our data show that Fabens's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$63,736

Fabens, TX HOME PRICES

Value Range
> $1,021,000 0.3
$766,001 - $1,021,000 0.0
$510,001 - $766,000 0.8
$408,001 - $510,000 0.1
$306,001 - $408,000 1.3
$204,001 - $306,000 1.6
$102,001 - $204,000 9.6
$51,001 - $102,000 43.5
$0 - $51,000 42.8

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
97.1639517168639 93.8715953307393

Number Of Homes And Apartments:
1,993

Fabens 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
48.92% 2.34% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 68.95
Renters 31.05
Vacant 10.99

Housing Market Details

 

Age of Homes

AGE OF Fabens HOMES
2000 or Newer 11.5
1970 - 1999 69.7
1940 - 1969 13.2
1939 or Older 5.7

Types of Homes

TYPE OF Fabens HOMES
Single-Family 55.4
Townhomes 2.8
Small Apt. Buildings 5.8
Apt. Complexes 10.0
Mobile Homes 26.0
Other 0.0

Home Size

SIZE OF Fabens HOMES
No Bedroom 1.25
1 Bedroom 7.37
2 Bedrooms 26.44
3 Bedrooms 47.83
4 Bedrooms 15.01
5 or more bedrooms 2.10

Zip Codes in Fabens, TX