Glenn Heights, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Glenn Heights Neighborhoods Since 2000




Glenn Heights, TX Real Estate Data


Glenn Heights Housing Market Information

With a population of 12,042, 3,801 total housing units (homes and apartments), and a median house value of $175,189, Glenn Heights real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Glenn Heights, accounting for 79.98% of the city's housing units. Other types of housing that are prevalent in Glenn Heights include mobile homes or trailers ( 11.46%), row houses and other attached homes ( 4.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Glenn Heights. Owner-occupied housing accounts for 70.90% of Glenn Heights's homes, and 78.40% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Glenn Heights 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 Glenn Heights built between 2000 and later ( 45.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.47%).

Vacant housing appears to be an issue in Glenn Heights. Fully 10.77% of the housing stock is classified as vacant. Left unchecked, vacant Glenn Heights homes and apartments can be a drag on the real estate market, holding Glenn Heights 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.

Glenn Heights Home Appreciation Rates

In the last 10 years, Glenn Heights has experienced some of the highest home appreciation rates of any community in the nation. Glenn Heights real estate appreciated 21.12% over the last ten years, which is an average annual home appreciation rate of 1.93%, putting Glenn Heights in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glenn Heights 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 Glenn Heights that despite a nationwide downturn in the housing market, Glenn Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Glenn Heights appreciation rates continue to be some of the highest in America, at 7.87%, which is higher than appreciation rates in 90.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Glenn Heights. Glenn Heights appreciation rates in the latest quarter were at 3.93%, which equates to an annual appreciation rate of 16.66%.

Importantly, this makes Glenn Heights 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 Glenn Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$175,189

Glenn Heights, TX HOME PRICES

Value Range
> $1,278,000 0.1
$959,001 - $1,278,000 0.3
$639,001 - $959,000 0.7
$511,001 - $639,000 0.4
$383,001 - $511,000 2.2
$255,001 - $383,000 12.2
$128,001 - $255,000 58.5
$64,001 - $128,000 20.2
$0 - $64,000 5.4

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
40.9029689055455 24.368932038835

Number Of Homes And Apartments:
3,801

Rent & Ownership

 

Average Market Rent:
$1,308 / per month

Homeownership Rate

Homeownership
Owners 70.90
Renters 29.10
Vacant 10.77

Housing Market Details

 

Age of Homes

AGE OF Glenn Heights HOMES
2000 or Newer 45.5
1970 - 1999 48.7
1940 - 1969 5.5
1939 or Older 0.4

Types of Homes

TYPE OF Glenn Heights HOMES
Single-Family 80.0
Townhomes 4.7
Small Apt. Buildings 3.1
Apt. Complexes 0.8
Mobile Homes 11.5
Other 0.0

Home Size

SIZE OF Glenn Heights HOMES
No Bedroom 3.08
1 Bedroom 0.92
2 Bedrooms 11.53
3 Bedrooms 51.43
4 Bedrooms 26.97
5 or more bedrooms 6.08

Glenn Heights 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
38.93% 1.95% 1 4
* 10 is highest