Granbury, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Granbury Neighborhoods Since 2000




Granbury, TX Real Estate Data


Granbury Housing Market Information

With 9,386 people, 3,721 houses or apartments, and a median cost of homes of $210,094, Granbury real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Granbury, accounting for 48.16% of the city's housing units. Other types of housing that are prevalent in Granbury include large apartment complexes or high rise apartments ( 32.47%), duplexes, homes converted to apartments or other small apartment buildings ( 9.46%), and a few row houses and other attached homes ( 4.59%).

People in Granbury primarily live in small (one, two or no bedroom) single-family detached homes. Granbury has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Granbury 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 Granbury built between 2000 and later ( 30.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.43%). There's also some housing in Granbury built before 1939 ( 2.74%).

Vacant housing appears to be an issue in Granbury. Fully 14.99% of the housing stock is classified as vacant. Left unchecked, vacant Granbury homes and apartments can be a drag on the real estate market, holding Granbury 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.

Granbury Home Appreciation Rates

In the last 10 years, Granbury has experienced some of the highest home appreciation rates of any community in the nation. Granbury real estate appreciated 45.93% over the last ten years, which is an average annual home appreciation rate of 3.85%, putting Granbury in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Granbury 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 Granbury that despite a nationwide downturn in the housing market, Granbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Granbury appreciation rates continue to be some of the highest in America, at 8.30%, which is higher than appreciation rates in 93.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Granbury. Granbury appreciation rates in the latest quarter were at 3.93%, which equates to an annual appreciation rate of 16.66%.

Importantly, this makes Granbury 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 Granbury's latest annual appreciation rate is higher 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 Granbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Granbury - 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 Granbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$210,094

Granbury, TX HOME PRICES

Value Range
> $1,231,000 0.7
$923,001 - $1,231,000 1.2
$616,001 - $923,000 3.5
$493,001 - $616,000 7.2
$369,001 - $493,000 9.9
$246,001 - $369,000 13.6
$123,001 - $246,000 28.8
$61,001 - $123,000 21.0
$0 - $61,000 14.1

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
30.7431047607894 16.6019417475728

Number Of Homes And Apartments:
3,721

Rent & Ownership

 

Average Market Rent:
$1,398 / per month

Homeownership Rate

Homeownership
Owners 35.17
Renters 64.83
Vacant 14.99

Housing Market Details

 

Age of Homes

AGE OF Granbury HOMES
2000 or Newer 30.9
1970 - 1999 54.0
1940 - 1969 12.4
1939 or Older 2.7

Types of Homes

TYPE OF Granbury HOMES
Single-Family 48.2
Townhomes 4.6
Small Apt. Buildings 9.5
Apt. Complexes 32.5
Mobile Homes 4.6
Other 0.8

Home Size

SIZE OF Granbury HOMES
No Bedroom 2.67
1 Bedroom 27.96
2 Bedrooms 25.86
3 Bedrooms 35.14
4 Bedrooms 7.72
5 or more bedrooms 0.64

Granbury 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
81.50% 3.57% 7 9
* 10 is highest