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 5,985 people, 2,325 houses or apartments, and a median cost of homes of $110,911, house prices in Gun Barrel City are solidly below the national average.
Single-family detached homes are the single most common housing type in Gun Barrel City, accounting for 65.14% of the city's housing units. Other types of housing that are prevalent in Gun Barrel City include mobile homes or trailers ( 29.47%), large apartment complexes or high rise apartments ( 3.23%), and a few row houses and other attached homes ( 1.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gun Barrel City. Owner-occupied housing accounts for 74.58% of Gun Barrel City's homes, and 56.96% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Gun Barrel City 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 Gun Barrel City built between 2000 and later ( 19.87%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.02%).
Vacant housing appears to be an issue in Gun Barrel City. Fully 24.88% of the housing stock is classified as vacant. Left unchecked, vacant Gun Barrel City homes and apartments can be a drag on the real estate market, holding Gun Barrel City 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 Gun Barrel City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.50%, which ranks in the top 30% nationwide. This equates to an annual average Gun Barrel City house appreciation rate of 1.09%.
Over the last year, Gun Barrel City appreciation rates have trailed the rest of the nation. In the last twelve months, Gun Barrel City's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gun Barrel City were at 0.45%, which equates to an annual appreciation rate of 1.82%.
Relative to Texas, our data show that Gun Barrel City's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
|$796,001 - $1,061,000||0.4|
|$531,001 - $796,000||0.8|
|$425,001 - $531,000||1.6|
|$318,001 - $425,000||6.7|
|$212,001 - $318,000||7.5|
|$106,001 - $212,000||28.8|
|$53,001 - $106,000||34.0|
|$0 - $53,000||20.2|
|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 Gun Barrel City HOMES|
|2000 or Newer||19.9|
|1970 - 1999||65.7|
|1940 - 1969||14.0|
|1939 or Older||0.4|
|TYPE OF Gun Barrel City HOMES|
|Small Apt. Buildings||0.9|
|SIZE OF Gun Barrel City HOMES|
|5 or more bedrooms||2.26|