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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 36,286 people, 14,463 houses or apartments, and a median cost of homes of $365,042, 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 46.74% of the city's housing units. Other types of housing that are prevalent in Farmers Branch include large apartment complexes or high rise apartments ( 46.37%), duplexes, homes converted to apartments or other small apartment buildings ( 4.12%), and a few row houses and other attached homes ( 2.54%).

People in Farmers Branch primarily live in small (one, two or no bedroom) single-family detached homes. Farmers Branch has a mixture of owner-occupied and renter-occupied housing.

Farmers Branch homes and real estate are some of the newest in America. 41.35% of Farmers Branch's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Farmers Branch real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 36.69%), and between 1970-1999 ( 21.71%).

Vacant housing appears to be an issue in Farmers Branch. Fully 11.34% of the housing stock is classified as vacant. Left unchecked, vacant Farmers Branch homes and apartments can be a drag on the real estate market, holding Farmers Branch 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.

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 124.94% over the last ten years, which is an average annual home appreciation rate of 8.44%, putting Farmers Branch in the top 20% 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 1.07%, 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 -0.34%, which equates to an annual appreciation rate of -1.36%.

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

$365,042

Farmers Branch, TX Home Prices
> $1,237,000
$928,001 - $1,237,000
$619,001 - $928,000
$495,001 - $619,000
$371,001 - $495,000
$247,001 - $371,000
$124,001 - $247,000
$62,001 - $124,000
$0 - $62,000
1.6%
1.6%
3.7%
3.7%
8.6%
8.6%
15.7%
15.7%
18.5%
18.5%
29.4%
29.4%
17.3%
17.3%
2.3%
2.3%
2.9%
2.9%
0% 100.0%
% of Homes
Very High

for Texas

High

for nation

Number of Homes And Apartments:

14,463

Farmers Branch Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,434 / per month

Homeownership Rate

Owners
Renters
47.9%
47.9%
52.1%
52.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.3%
11.3%
88.7%
88.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
41.4%
41.4%
21.7%
21.7%
36.7%
36.7%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
46.7%
46.7%
2.5%
2.5%
4.1%
4.1%
46.4%
46.4%
0.2%
0.2%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
27.6%
27.6%
24.1%
24.1%
29.7%
29.7%
13.9%
13.9%
2.5%
2.5%
0% 100.0%
% of Homes