Friendswood TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Friendswood Housing Market Information

With 40,181 people, 13,393 houses or apartments, and a median cost of homes of $351,895, 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 79.35% of Friendswood's homes, and 68.78% 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 ( 27.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.56%).

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 51.85% over the last ten years, which is an average annual home appreciation rate of 4.27%, putting Friendswood in the top 20% 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.

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 2.51%, 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 0.47%, which equates to an annual appreciation rate of 1.87%.

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:
$351,895

Friendswood, TX HOME PRICES

Value Range
> $1,269,000 1.3
$952,001 - $1,269,000 2.2
$635,001 - $952,000 7.2
$508,001 - $635,000 8.2
$381,001 - $508,000 17.4
$253,001 - $381,000 21.8
$127,001 - $253,000 35.2
$64,001 - $127,000 4.7
$0 - $64,000 2.2

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
15.2408759124088 6.30455868089234

Number Of Homes And Apartments:
13,393

Friendswood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
96.60% 3.48%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,578 / per month

Homeownership Rate

Homeownership
Owners 79.35
Renters 20.65
Vacant 4.55

Housing Market Details

 

Age of Homes

AGE OF Friendswood HOMES
2000 or Newer 27.8
1970 - 1999 61.6
1940 - 1969 10.6
1939 or Older 0.1

Types of Homes

TYPE OF Friendswood HOMES
Single-Family 83.3
Townhomes 2.4
Small Apt. Buildings 2.8
Apt. Complexes 10.5
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Friendswood HOMES
No Bedroom 1.42
1 Bedroom 5.89
2 Bedrooms 9.86
3 Bedrooms 32.48
4 Bedrooms 36.30
5 or more bedrooms 14.05