Fort Stockton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fort Stockton, TX Real Estate Data


Fort Stockton Housing Market Information

With 8,649 people, 2,425 houses or apartments, and a median cost of homes of $103,938, house prices in Fort Stockton are solidly below the national average.

Single-family detached homes are the single most common housing type in Fort Stockton, accounting for 73.80% of the city's housing units. Other types of housing that are prevalent in Fort Stockton include large apartment complexes or high rise apartments ( 14.55%), duplexes, homes converted to apartments or other small apartment buildings ( 5.98%), and a few mobile homes or trailers ( 5.40%).

The most prevalent building size and type in Fort Stockton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.73% owning and 44.27% 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. Fort Stockton's housing was primarily built during this period, from the '40s through the '60s. A full 46.12% of the city's housing hails from this era. Other housing ages represented in Fort Stockton include homes built between 1970-1999 ( 44.53%) and housing constructed between 2000 and later ( 7.70%). There's also some housing in Fort Stockton built before 1939 ( 1.65%).

Vacant housing appears to be an issue in Fort Stockton. Fully 18.13% of the housing stock is classified as vacant. Left unchecked, vacant Fort Stockton homes and apartments can be a drag on the real estate market, holding Fort Stockton 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.

Fort Stockton Home Appreciation Rates

In the last 10 years, Fort Stockton has experienced some of the highest home appreciation rates of any community in the nation. Fort Stockton real estate appreciated 70.54% over the last ten years, which is an average annual home appreciation rate of 5.48%, putting Fort Stockton in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Stockton 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 Fort Stockton that despite a nationwide downturn in the housing market, Fort Stockton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Stockton appreciation rates continue to be some of the highest in America, at 7.15%, which is higher than appreciation rates in 85.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Stockton. Fort Stockton appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Fort Stockton 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 Fort Stockton's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$103,938

Fort Stockton, TX HOME PRICES

Value Range
> $1,232,000 0.0
$924,001 - $1,232,000 0.0
$616,001 - $924,000 0.0
$493,001 - $616,000 0.0
$370,001 - $493,000 2.8
$246,001 - $370,000 6.8
$123,001 - $246,000 26.3
$62,001 - $123,000 38.8
$0 - $62,000 25.3

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
76.2780347836271 62.3300970873786

Number Of Homes And Apartments:
2,425

Rent & Ownership

 

Average Market Rent:
$830 / per month

Homeownership Rate

Homeownership
Owners 55.73
Renters 44.27
Vacant 18.13

Housing Market Details

 

Age of Homes

AGE OF Fort Stockton HOMES
2000 or Newer 7.7
1970 - 1999 44.5
1940 - 1969 46.1
1939 or Older 1.7

Types of Homes

TYPE OF Fort Stockton HOMES
Single-Family 73.8
Townhomes 0.3
Small Apt. Buildings 6.0
Apt. Complexes 14.6
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Fort Stockton HOMES
No Bedroom 2.63
1 Bedroom 11.07
2 Bedrooms 28.87
3 Bedrooms 49.73
4 Bedrooms 6.41
5 or more bedrooms 1.28

Fort Stockton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
108.88% 4.43% 10 10
* 10 is highest

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