Gun Barrel City, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gun Barrel City, TX Real Estate Data


Gun Barrel City Housing Market Information

With 5,985 people, 2,325 houses or apartments, and a median cost of homes of $110,386, 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.

Gun Barrel City Home Appreciation Rates

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 13.76%, which ranks in the top 30% nationwide. This equates to an annual average Gun Barrel City house appreciation rate of 1.30%.

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 0.05%, 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 -0.11%, which equates to an annual appreciation rate of -0.45%.

Relative to Texas, our data show that Gun Barrel City's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$110,386

Gun Barrel City, TX HOME PRICES

Value Range
> $1,056,000 0.0
$792,001 - $1,056,000 0.4
$528,001 - $792,000 0.8
$422,001 - $528,000 1.6
$317,001 - $422,000 6.7
$211,001 - $317,000 7.5
$106,001 - $211,000 28.8
$53,001 - $106,000 34.0
$0 - $53,000 20.2

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.0301183639986 55.3501945525292

Number Of Homes And Apartments:
2,325

Rent & Ownership

 

Average Market Rent:
$1,032 / per month

Homeownership Rate

Homeownership
Owners 74.58
Renters 25.42
Vacant 24.88

Housing Market Details

 

Age of Homes

AGE OF Gun Barrel City HOMES
2000 or Newer 19.9
1970 - 1999 65.7
1940 - 1969 14.0
1939 or Older 0.4

Types of Homes

TYPE OF Gun Barrel City HOMES
Single-Family 65.1
Townhomes 1.3
Small Apt. Buildings 0.9
Apt. Complexes 3.2
Mobile Homes 29.5
Other 0.0

Home Size

SIZE OF Gun Barrel City HOMES
No Bedroom 0.00
1 Bedroom 6.53
2 Bedrooms 34.25
3 Bedrooms 51.47
4 Bedrooms 5.49
5 or more bedrooms 2.26

Gun Barrel City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
60.68% 2.79% 4 8
* 10 is highest

Popular Neighborhoods in Gun Barrel City

Zip Codes in Gun Barrel City, TX