Graham, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Graham, 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

Graham Housing Market Information

With a population of 8,865, 3,333 total housing units (homes and apartments), and a median house value of $111,909, house prices in Graham are solidly below the national average.

Single-family detached homes are the single most common housing type in Graham, accounting for 86.35% of the city's housing units. Other types of housing that are prevalent in Graham include large apartment complexes or high rise apartments ( 4.75%), duplexes, homes converted to apartments or other small apartment buildings ( 4.72%), and a few row houses and other attached homes ( 2.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Graham. Owner-occupied housing accounts for 71.52% of Graham's homes, and 60.35% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Graham's housing was primarily built during this period, from the '40s through the '60s. A full 49.80% of the city's housing hails from this era. Other housing ages represented in Graham include homes built between 1970-1999 ( 33.57%) and housing constructed before 1939 ( 10.70%). There's also some housing in Graham built between 2000 and later ( 5.93%).

Vacant housing appears to be an issue in Graham. Fully 15.88% of the housing stock is classified as vacant. Left unchecked, vacant Graham homes and apartments can be a drag on the real estate market, holding Graham 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.

Graham Home Appreciation Rates

In the last 10 years, Graham has experienced some of the highest home appreciation rates of any community in the nation. Graham real estate appreciated 29.94% over the last ten years, which is an average annual home appreciation rate of 2.65%, putting Graham in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Graham 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 Graham that despite a nationwide downturn in the housing market, Graham real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Graham appreciation rates continue to be some of the highest in America, at 6.91%, which is higher than appreciation rates in 80.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Graham. Graham appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Graham's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$111,909

Graham, TX HOME PRICES

Value Range
> $1,142,000 0.1
$857,001 - $1,142,000 0.0
$571,001 - $857,000 0.7
$457,001 - $571,000 0.9
$343,001 - $457,000 1.7
$228,001 - $343,000 4.5
$114,001 - $228,000 30.5
$57,001 - $114,000 36.2
$0 - $57,000 25.4

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
70.2156334231806 54.0856031128405

Number Of Homes And Apartments:
3,333

Graham 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
78.93% 3.43% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Homeownership
Owners 71.52
Renters 28.48
Vacant 15.88

Housing Market Details

 

Age of Homes

AGE OF Graham HOMES
2000 or Newer 5.9
1970 - 1999 33.6
1940 - 1969 49.8
1939 or Older 10.7

Types of Homes

TYPE OF Graham HOMES
Single-Family 86.3
Townhomes 2.3
Small Apt. Buildings 4.7
Apt. Complexes 4.7
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Graham HOMES
No Bedroom 1.92
1 Bedroom 8.25
2 Bedrooms 28.80
3 Bedrooms 56.56
4 Bedrooms 3.79
5 or more bedrooms 0.68

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Zip Codes in Graham, TX