Freeport, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Freeport Neighborhoods Since 2000




Freeport, TX Real Estate Data


Freeport Housing Market Information

With a population of 12,154, 4,074 total housing units (homes and apartments), and a median house value of $78,863, house prices in Freeport are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Freeport, accounting for 71.47% of the city's housing units. Other types of housing that are prevalent in Freeport include large apartment complexes or high rise apartments ( 14.17%), duplexes, homes converted to apartments or other small apartment buildings ( 9.23%), and a few mobile homes or trailers ( 3.71%).

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 58.57% owning and 41.43% 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 55.78% of the city's housing hails from this era. Other housing ages represented in Freeport include homes built between 1970-1999 ( 33.96%) and housing constructed between 2000 and later ( 8.40%). There's also some housing in Freeport built before 1939 ( 1.86%).

Vacant housing appears to be an issue in Freeport. Fully 19.28% 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 23.05% over the last ten years, which is an average annual home appreciation rate of 2.10%, putting Freeport in the top 20% 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.

Over the last year, Freeport appreciation rates have trailed the rest of the nation. In the last twelve months, Freeport's appreciation rate has been 1.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Freeport were at 1.83%, which equates to an annual appreciation rate of 7.53%.

Relative to Texas, our data show that Freeport's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$78,863

Freeport, TX HOME PRICES

Value Range
> $1,218,000 0.0
$914,001 - $1,218,000 0.0
$609,001 - $914,000 0.0
$487,001 - $609,000 0.0
$365,001 - $487,000 0.1
$243,001 - $365,000 2.8
$122,001 - $243,000 12.8
$61,001 - $122,000 55.3
$0 - $61,000 29.0

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
91.8662528547169 86.2135922330097

Number Of Homes And Apartments:
4,074

Rent & Ownership

 

Average Market Rent:
$695 / per month

Homeownership Rate

Homeownership
Owners 58.57
Renters 41.43
Vacant 19.28

Housing Market Details

 

Age of Homes

AGE OF Freeport HOMES
2000 or Newer 8.4
1970 - 1999 34.0
1940 - 1969 55.8
1939 or Older 1.9

Types of Homes

TYPE OF Freeport HOMES
Single-Family 71.5
Townhomes 1.0
Small Apt. Buildings 9.2
Apt. Complexes 14.2
Mobile Homes 3.7
Other 0.4

Home Size

SIZE OF Freeport HOMES
No Bedroom 3.72
1 Bedroom 12.21
2 Bedrooms 30.45
3 Bedrooms 43.77
4 Bedrooms 8.90
5 or more bedrooms 0.95

Freeport 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
120.35% 4.76% 10 10
* 10 is highest

Popular Neighborhoods in Freeport

Zip Codes in Freeport, TX