Farmers Branch, TX Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Farmers Branch, TX Housing Market Trends

With 48,158 people, 14,295 houses or apartments, and a median cost of homes of $267,444, Farmers Branch real estate is some of the most expensive in Texas, although Farmers Branch home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Farmers Branch, accounting for 55.58% of the city's housing units. Other types of housing that are prevalent in Farmers Branch include large apartment complexes or high rise apartments ( 38.60%), duplexes, homes converted to apartments or other small apartment buildings ( 3.05%), and a few row houses and other attached homes ( 2.56%).

The most prevalent building size and type in Farmers Branch are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.18% owning and 46.82% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Farmers Branch's housing was primarily built during this period, from the '40s through the '60s. A full 46.48% of the city's housing hails from this era. Other housing ages represented in Farmers Branch include homes built between 1970-1999 ( 27.64%) and housing constructed between 2000 and later ( 25.71%).

Farmers Branch Home Appreciation Rates

In the last 10 years, Farmers Branch has experienced some of the highest home appreciation rates of any community in the nation. Farmers Branch real estate appreciated 84.06% over the last ten years, which is an average annual home appreciation rate of 6.29%, putting Farmers Branch in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Farmers Branch 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, Farmers Branch appreciation rates have trailed the rest of the nation. In the last twelve months, Farmers Branch's appreciation rate has been 3.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Farmers Branch were at 1.63%, which equates to an annual appreciation rate of 6.69%.

Notably, Farmers Branch's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Farmers Branch's latest annual appreciation rate is lower than 80% 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 Farmers Branch differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Farmers Branch - 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 Farmers Branch real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$267,444

Farmers Branch, TX HOME PRICES

> $1,214,000
0.4%
0.4%
$910,001 - $1,214,000
1.4%
1.4%
$607,001 - $910,000
3.0%
3.0%
$485,001 - $607,000
6.5%
6.5%
$364,001 - $485,000
12.8%
12.8%
$243,001 - $364,000
22.6%
22.6%
$121,001 - $243,000
45.2%
45.2%
$61,001 - $121,000
6.6%
6.6%
$0 - $61,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
14,295

Farmers Branch Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
130.25% 4.05%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,913 / per month

Homeownership Rate

Owners
53.2%
53.2%
Renters
46.8%
46.8%
Vacant
7.5%
7.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.7%
25.7%
1970 - 1999
27.6%
27.6%
1940 - 1969
46.5%
46.5%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
55.6%
55.6%
Townhomes
2.6%
2.6%
Small Apt. Buildings
3.0%
3.0%
Apt. Complexes
38.6%
38.6%
Mobile Homes
0.1%
0.1%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
20.9%
20.9%
2 Bedrooms
21.6%
21.6%
3 Bedrooms
37.2%
37.2%
4 Bedrooms
16.4%
16.4%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES