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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 15,724, 2,811 total housing units (homes and apartments), and a median house value of $121,396, house prices in Gatesville are solidly below the national average.
Single-family detached homes are the single most common housing type in Gatesville, accounting for 78.82% of the city's housing units. Other types of housing that are prevalent in Gatesville include duplexes, homes converted to apartments or other small apartment buildings ( 10.92%), large apartment complexes or high rise apartments ( 5.78%), and a few mobile homes or trailers ( 2.29%).
Renters dominate Gatesville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Gatesville 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 Gatesville built between 1940-1969 ( 33.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.98%). There's also some housing in Gatesville built before 1939 ( 11.70%).
Vacant housing appears to be an issue in Gatesville. Fully 15.43% of the housing stock is classified as vacant. Left unchecked, vacant Gatesville homes and apartments can be a drag on the real estate market, holding Gatesville 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.
Appreciation rates for homes in Gatesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.16%, which ranks in the top 30% nationwide. This equates to an annual average Gatesville house appreciation rate of 0.88%.
Over the last year, Gatesville appreciation rates have trailed the rest of the nation. In the last twelve months, Gatesville's appreciation rate has been 1.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gatesville were at 2.95%, which equates to an annual appreciation rate of 12.32%.
Importantly, this makes Gatesville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Gatesville'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 Gatesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gatesville - 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 Gatesville real estate investment or home purchase decisions.
|$829,001 - $1,105,000||0.3|
|$553,001 - $829,000||1.0|
|$443,001 - $553,000||1.4|
|$332,001 - $443,000||1.0|
|$221,001 - $332,000||7.6|
|$111,001 - $221,000||39.2|
|$55,001 - $111,000||32.5|
|$0 - $55,000||16.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Gatesville HOMES|
|2000 or Newer||15.0|
|1970 - 1999||39.8|
|1940 - 1969||33.5|
|1939 or Older||11.7|
|TYPE OF Gatesville HOMES|
|Small Apt. Buildings||10.9|
|SIZE OF Gatesville HOMES|
|5 or more bedrooms||0.42|