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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 32,689 people, 11,429 houses or apartments, and a median cost of homes of $225,393, 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 62.04% of the city's housing units. Other types of housing that are prevalent in Farmers Branch include large apartment complexes or high rise apartments ( 29.74%), duplexes, homes converted to apartments or other small apartment buildings ( 5.17%), and a few row houses and other attached homes ( 2.95%).
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 58.08% owning and 41.92% 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 55.32% of the city's housing hails from this era. Other housing ages represented in Farmers Branch include homes built between 1970-1999 ( 28.76%) and housing constructed between 2000 and later ( 15.54%).
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 46.98% over the last ten years, which is an average annual home appreciation rate of 3.93%, 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.
Appreciation rates are so strong in Farmers Branch that despite a nationwide downturn in the housing market, Farmers Branch real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Farmers Branch appreciation rates continue to be some of the highest in America, at 11.24%, which is higher than appreciation rates in 96.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Farmers Branch. Farmers Branch appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes Farmers Branch 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 Farmers Branch's latest annual appreciation rate is higher 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 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.
|$1,045,001 - $1,392,000||0.4|
|$696,001 - $1,045,000||0.8|
|$557,001 - $696,000||2.3|
|$418,001 - $557,000||7.3|
|$278,001 - $418,000||16.8|
|$139,001 - $278,000||52.9|
|$70,001 - $139,000||16.7|
|$0 - $70,000||2.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Farmers Branch HOMES|
|2000 or Newer||15.5|
|1970 - 1999||28.8|
|1940 - 1969||55.3|
|1939 or Older||0.4|
|TYPE OF Farmers Branch HOMES|
|Small Apt. Buildings||5.2|
|SIZE OF Farmers Branch HOMES|
|5 or more bedrooms||3.11|