Freeport, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Freeport Neighborhoods Since 2000




Freeport, 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

Freeport Housing Market Information

With a population of 12,154, 4,097 total housing units (homes and apartments), and a median house value of $92,958, house prices in Freeport are solidly below the national average.

Single-family detached homes are the single most common housing type in Freeport, accounting for 69.90% of the city's housing units. Other types of housing that are prevalent in Freeport include large apartment complexes or high rise apartments ( 15.61%), duplexes, homes converted to apartments or other small apartment buildings ( 8.86%), and a few mobile homes or trailers ( 3.87%).

The most prevalent building size and type in Freeport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.16% owning and 46.84% 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. Freeport's housing was primarily built during this period, from the '40s through the '60s. A full 55.61% of the city's housing hails from this era. Other housing ages represented in Freeport include homes built between 1970-1999 ( 32.76%) and housing constructed between 2000 and later ( 8.47%). There's also some housing in Freeport built before 1939 ( 3.16%).

Vacant housing appears to be an issue in Freeport. Fully 16.95% of the housing stock is classified as vacant. Left unchecked, vacant Freeport homes and apartments can be a drag on the real estate market, holding Freeport 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.

Freeport Home Appreciation Rates

In the last 10 years, Freeport has experienced some of the highest home appreciation rates of any community in the nation. Freeport real estate appreciated 25.52% over the last ten years, which is an average annual home appreciation rate of 2.30%, putting Freeport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Freeport 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 Freeport that despite a nationwide downturn in the housing market, Freeport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Freeport appreciation rates continue to be some of the highest in America, at 6.25%, which is higher than appreciation rates in 76.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Freeport. Freeport appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$92,958

Freeport, TX HOME PRICES

Value Range
> $1,216,000 0.0
$912,001 - $1,216,000 0.0
$609,001 - $912,000 0.0
$486,001 - $609,000 0.0
$365,001 - $486,000 0.1
$243,001 - $365,000 2.9
$122,001 - $243,000 14.2
$61,001 - $122,000 56.6
$0 - $61,000 26.3

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
82.0754716981132 70.6225680933852

Number Of Homes And Apartments:
4,097

Freeport 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
114.52% 4.52% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$925 / per month

Homeownership Rate

Homeownership
Owners 53.16
Renters 46.84
Vacant 16.95

Housing Market Details

 

Age of Homes

AGE OF Freeport HOMES
2000 or Newer 8.5
1970 - 1999 32.8
1940 - 1969 55.6
1939 or Older 3.2

Types of Homes

TYPE OF Freeport HOMES
Single-Family 69.9
Townhomes 1.3
Small Apt. Buildings 8.9
Apt. Complexes 15.6
Mobile Homes 3.9
Other 0.5

Home Size

SIZE OF Freeport HOMES
No Bedroom 3.41
1 Bedroom 14.43
2 Bedrooms 29.86
3 Bedrooms 44.01
4 Bedrooms 7.89
5 or more bedrooms 0.41

Popular Neighborhoods in Freeport

Zip Codes in Freeport, TX