Fort Stockton, TX Housing Market Trends
With a population of 8,113, 3,145 total housing units (homes and apartments), and a median house value of $240,659, 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 75.97% of the city's housing units. Other types of housing that are prevalent in Fort Stockton include duplexes, homes converted to apartments or other small apartment buildings ( 11.03%), large apartment complexes or high rise apartments ( 5.25%), and a few mobile homes or trailers ( 5.16%).
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 58.96% owning and 41.04% 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 40.45% of the city's housing hails from this era. Other housing ages represented in Fort Stockton include homes built between 1970-1999 ( 40.42%) and housing constructed between 2000 and later ( 15.83%). There's also some housing in Fort Stockton built before 1939 ( 3.30%).
Vacant housing appears to be an issue in Fort Stockton. Fully 11.28% 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 118.77% over the last ten years, which is an average annual home appreciation rate of 8.14%, putting Fort Stockton in the top 20% 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.
Over the last year, Fort Stockton appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Stockton's appreciation rate has been 4.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Stockton were at 0.10%, which equates to an annual appreciation rate of 0.40%.
Notably, Fort Stockton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Fort Stockton's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.
Median Home Value
$240,659
Average
for Texas
Low
for nation
Number of Homes And Apartments:
3,145
TX
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,379 / per month