Frankston, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Frankston, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Frankston Housing Market Information

With 1,174 people, 403 houses or apartments, and a median cost of homes of $107,383, house prices in Frankston are solidly below the national average.

Single-family detached homes are the single most common housing type in Frankston, accounting for 79.04% of the town's housing units. Other types of housing that are prevalent in Frankston include mobile homes or trailers ( 11.37%), large apartment complexes or high rise apartments ( 5.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Frankston. Owner-occupied housing accounts for 68.73% of Frankston's homes, and 60.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Frankston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Frankston built between 1940-1969 ( 36.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.72%). There's also some housing in Frankston built before 1939 ( 10.48%).

Vacant housing appears to be an issue in Frankston. Fully 28.42% of the housing stock is classified as vacant. Left unchecked, vacant Frankston homes and apartments can be a drag on the real estate market, holding Frankston 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.

Frankston Home Appreciation Rates

In the last 10 years, Frankston has experienced some of the highest home appreciation rates of any community in the nation. Frankston real estate appreciated 28.53% over the last ten years, which is an average annual home appreciation rate of 2.54%, putting Frankston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Frankston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Frankston's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Frankston's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Frankston's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$107,383

Frankston, TX HOME PRICES

Value Range
> $1,129,000 0.9
$846,001 - $1,129,000 0.5
$564,001 - $846,000 1.8
$451,001 - $564,000 0.5
$338,001 - $451,000 5.1
$226,001 - $338,000 14.1
$112,001 - $226,000 24.1
$56,001 - $112,000 29.2
$0 - $56,000 23.8

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
72.8758935895933 58.852140077821

Number Of Homes And Apartments:
403

Frankston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
55.69% 2.60% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,232 / per month

Homeownership Rate

Homeownership
Owners 68.73
Renters 31.27
Vacant 28.42

Housing Market Details

 

Age of Homes

AGE OF Frankston HOMES
2000 or Newer 11.7
1970 - 1999 41.7
1940 - 1969 36.1
1939 or Older 10.5

Types of Homes

TYPE OF Frankston HOMES
Single-Family 79.0
Townhomes 1.6
Small Apt. Buildings 2.3
Apt. Complexes 5.7
Mobile Homes 11.4
Other 0.0

Home Size

SIZE OF Frankston HOMES
No Bedroom 0.89
1 Bedroom 4.44
2 Bedrooms 33.39
3 Bedrooms 56.48
4 Bedrooms 3.91
5 or more bedrooms 0.89

Popular Neighborhoods in Frankston

Zip Codes in Frankston, TX