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 about Scout's Real Estate Data
With a population of 4,644, 1,628 total housing units (homes and apartments), and a median house value of $341,085, Hallsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hallsville, accounting for 63.61% of the city's housing units. Other types of housing that are prevalent in Hallsville include duplexes, homes converted to apartments or other small apartment buildings ( 19.45%), mobile homes or trailers ( 12.38%), and a few large apartment complexes or high rise apartments ( 4.56%).
The most prevalent building size and type in Hallsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.02% owning and 43.98% renting.
Hallsville homes and real estate are some of the newest in America. 39.43% of Hallsville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hallsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.28%), and before 1939 ( 12.17%). There's also some housing in Hallsville built between 1940-1969 ( 9.12%).
Vacant housing appears to be an issue in Hallsville. Fully 14.63% of the housing stock is classified as vacant. Left unchecked, vacant Hallsville homes and apartments can be a drag on the real estate market, holding Hallsville 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 Hallsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.06%, which ranks in the top 50% nationwide. This equates to an annual average Hallsville house appreciation rate of 6.41%.
Appreciation rates are so strong in Hallsville that despite a nationwide downturn in the housing market, Hallsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hallsville appreciation rates continue to be some of the highest in America, at 7.69%, which is higher than appreciation rates in 79.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hallsville. Hallsville appreciation rates in the latest quarter were at 3.34%, which equates to an annual appreciation rate of 14.06%.
Importantly, this makes Hallsville 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 Hallsville's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$341,085
for Texas
for nation
1,628
$1,841 / per month