Friendswood, TX Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Friendswood, TX Housing Market Trends

With 40,290 people, 13,214 houses or apartments, and a median cost of homes of $335,512, Friendswood real estate is some of the most expensive in Texas, although Friendswood home values aren't among America's most expensive.

Friendswood is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Friendswood than is found in 98% of the communities in America.

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 80.73% of Friendswood's homes, and 71.82% 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 ( 28.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.07%).

Friendswood Home Appreciation Rates

Appreciation rates for homes in Friendswood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.59%, which ranks in the top 30% nationwide. This equates to an annual average Friendswood house appreciation rate of 4.25%.

Over the last year, Friendswood appreciation rates have trailed the rest of the nation. In the last twelve months, Friendswood's appreciation rate has been 3.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Friendswood were at 0.51%, which equates to an annual appreciation rate of 2.06%.

Notably, Friendswood's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Friendswood's latest annual appreciation rate is lower than 80% 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:
$335,512

Friendswood, TX HOME PRICES

> $1,132,000
0.9%
0.9%
$849,001 - $1,132,000
3.1%
3.1%
$566,001 - $849,000
6.8%
6.8%
$453,001 - $566,000
12.8%
12.8%
$340,001 - $453,000
18.8%
18.8%
$227,001 - $340,000
23.3%
23.3%
$113,001 - $227,000
29.9%
29.9%
$56,001 - $113,000
3.2%
3.2%
$0 - $56,000
1.5%
1.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
13,214

Friendswood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
96.60% 3.27%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,788 / per month

Homeownership Rate

Owners
80.7%
80.7%
Renters
19.3%
19.3%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.3%
28.3%
1970 - 1999
62.3%
62.3%
1940 - 1969
9.1%
9.1%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.4%
85.4%
Townhomes
2.2%
2.2%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
9.9%
9.9%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
5.0%
5.0%
2 Bedrooms
8.5%
8.5%
3 Bedrooms
33.3%
33.3%
4 Bedrooms
38.5%
38.5%
5 or more bedrooms
13.9%
13.9%
0.0% 100.0%
% OF HOMES