Friendswood, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Friendswood Neighborhoods Since 2000




Friendswood, 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

Friendswood Housing Market Information

With a population of 38,800, 13,125 total housing units (homes and apartments), and a median house value of $334,738, Friendswood house prices are not only among the most expensive in Texas, Friendswood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Friendswood, accounting for 82.00% of the city's housing units. Other types of housing that are prevalent in Friendswood include large apartment complexes or high rise apartments ( 13.14%), row houses and other attached homes ( 2.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Friendswood. Owner-occupied housing accounts for 78.32% of Friendswood's homes, and 70.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Friendswood 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 Friendswood built between 2000 and later ( 27.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.38%).

Friendswood Home Appreciation Rates

In the last 10 years, Friendswood has experienced some of the highest home appreciation rates of any community in the nation. Friendswood real estate appreciated 38.71% over the last ten years, which is an average annual home appreciation rate of 3.33%, putting Friendswood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Friendswood 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 Friendswood that despite a nationwide downturn in the housing market, Friendswood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Friendswood appreciation rates continue to be some of the highest in America, at 7.27%, which is higher than appreciation rates in 82.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Friendswood. Friendswood 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 Friendswood's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Friendswood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Friendswood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Friendswood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$334,738

Friendswood, TX HOME PRICES

Value Range
> $1,243,000 1.7
$932,001 - $1,243,000 1.2
$622,001 - $932,000 5.2
$497,001 - $622,000 6.2
$373,001 - $497,000 17.8
$248,001 - $373,000 21.3
$124,001 - $248,000 38.3
$62,001 - $124,000 5.6
$0 - $62,000 2.6

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
13.3423180592992 5.35019455252918

Number Of Homes And Apartments:
13,125

Friendswood 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
73.06% 3.23% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,486 / per month

Homeownership Rate

Homeownership
Owners 78.32
Renters 21.68
Vacant 4.43

Housing Market Details

 

Age of Homes

AGE OF Friendswood HOMES
2000 or Newer 27.9
1970 - 1999 60.5
1940 - 1969 11.4
1939 or Older 0.2

Types of Homes

TYPE OF Friendswood HOMES
Single-Family 82.0
Townhomes 2.2
Small Apt. Buildings 2.0
Apt. Complexes 13.1
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Friendswood HOMES
No Bedroom 0.63
1 Bedroom 6.55
2 Bedrooms 10.00
3 Bedrooms 34.35
4 Bedrooms 35.93
5 or more bedrooms 12.55