Farmers Branch TX

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Farmers Branch, 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 Q2 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

Farmers Branch Housing Market Information

With a population of 40,209, 13,404 total housing units (homes and apartments), and a median house value of $237,647, Farmers Branch real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Farmers Branch, accounting for 57.89% of the city's housing units. Other types of housing that are prevalent in Farmers Branch include large apartment complexes or high rise apartments ( 36.42%), duplexes, homes converted to apartments or other small apartment buildings ( 2.92%), and a few row houses and other attached homes ( 2.62%).

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 52.68% owning and 47.32% 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 47.56% of the city's housing hails from this era. Other housing ages represented in Farmers Branch include homes built between 1970-1999 ( 28.01%) and housing constructed between 2000 and later ( 23.96%).

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 79.95% over the last ten years, which is an average annual home appreciation rate of 6.05%, 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 3.17%, 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 0.30%, which equates to an annual appreciation rate of 1.20%.

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:

Farmers Branch, TX HOME PRICES

Value Range
> $1,305,000 0.5
$980,001 - $1,305,000 1.5
$653,001 - $980,000 3.4
$522,001 - $653,000 4.5
$391,001 - $522,000 11.3
$261,001 - $391,000 17.6
$131,001 - $261,000 50.1
$65,001 - $131,000 9.2
$0 - $65,000 1.9

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
31.6175182481752 17.9437439379243

Number Of Homes And Apartments:

Farmers Branch Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
123.26% 4.00%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,821 / per month

Homeownership Rate

Owners 52.68
Renters 47.32
Vacant 6.96

Housing Market Details


Age of Homes

AGE OF Farmers Branch HOMES
2000 or Newer 24.0
1970 - 1999 28.0
1940 - 1969 47.6
1939 or Older 0.5

Types of Homes

TYPE OF Farmers Branch HOMES
Single-Family 57.9
Townhomes 2.6
Small Apt. Buildings 2.9
Apt. Complexes 36.4
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Farmers Branch HOMES
No Bedroom 0.78
1 Bedroom 20.01
2 Bedrooms 20.88
3 Bedrooms 37.80
4 Bedrooms 17.81
5 or more bedrooms 2.72