Fredericksburg, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fredericksburg Neighborhoods Since 2000




Fredericksburg, 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

Fredericksburg Housing Market Information

With 11,094 people, 4,771 houses or apartments, and a median cost of homes of $287,120, Fredericksburg real estate is some of the most expensive in Texas, although Fredericksburg home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fredericksburg, accounting for 75.45% of the city's housing units. Other types of housing that are prevalent in Fredericksburg include large apartment complexes or high rise apartments ( 10.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.95%), and a few mobile homes or trailers ( 4.61%).

The most prevalent building size and type in Fredericksburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.38% owning and 38.62% renting.

There is a lot of housing in Fredericksburg 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 Fredericksburg built between 2000 and later ( 23.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.02%). There's also some housing in Fredericksburg built before 1939 ( 15.35%).

Vacant housing appears to be an issue in Fredericksburg. Fully 15.14% of the housing stock is classified as vacant. Left unchecked, vacant Fredericksburg homes and apartments can be a drag on the real estate market, holding Fredericksburg 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.

Fredericksburg Home Appreciation Rates

In the last 10 years, Fredericksburg has experienced some of the highest home appreciation rates of any community in the nation. Fredericksburg real estate appreciated 28.76% over the last ten years, which is an average annual home appreciation rate of 2.56%, putting Fredericksburg in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fredericksburg 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, Fredericksburg's appreciation rate, at 4.20%, has been at or slightly above the national average. In the latest quarter, Fredericksburg's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Fredericksburg's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$287,120

Fredericksburg, TX HOME PRICES

Value Range
> $1,197,000 3.8
$898,001 - $1,197,000 1.5
$599,001 - $898,000 5.4
$479,001 - $599,000 6.3
$359,001 - $479,000 17.2
$240,001 - $359,000 28.9
$120,001 - $240,000 27.8
$60,001 - $120,000 5.1
$0 - $60,000 4.0

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
17.6608461268018 7.1011673151751

Number Of Homes And Apartments:
4,771

Fredericksburg 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
92.87% 3.88% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,234 / per month

Homeownership Rate

Homeownership
Owners 61.38
Renters 38.62
Vacant 15.14

Housing Market Details

 

Age of Homes

AGE OF Fredericksburg HOMES
2000 or Newer 23.9
1970 - 1999 39.7
1940 - 1969 21.0
1939 or Older 15.4

Types of Homes

TYPE OF Fredericksburg HOMES
Single-Family 75.5
Townhomes 1.3
Small Apt. Buildings 8.0
Apt. Complexes 10.7
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Fredericksburg HOMES
No Bedroom 5.43
1 Bedroom 8.82
2 Bedrooms 24.74
3 Bedrooms 54.07
4 Bedrooms 6.24
5 or more bedrooms 0.69

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Zip Codes in Fredericksburg, TX