Hemphill, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hemphill Neighborhoods Since 2000




Hemphill, 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

Hemphill Housing Market Information

With a population of 1,218, 423 total housing units (homes and apartments), and a median house value of $93,971, house prices in Hemphill are solidly below the national average.

Single-family detached homes are the single most common housing type in Hemphill, accounting for 65.04% of the city's housing units. Other types of housing that are prevalent in Hemphill include mobile homes or trailers ( 22.93%), duplexes, homes converted to apartments or other small apartment buildings ( 6.67%), and a few large apartment complexes or high rise apartments ( 4.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hemphill. Owner-occupied housing accounts for 67.95% of Hemphill's homes, and 54.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hemphill 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 Hemphill built between 1940-1969 ( 30.41%). A lesser amount of the housing stock also hails from before 1939 ( 11.71%). There's also some housing in Hemphill built between 2000 and later ( 10.08%).

Vacant housing appears to be an issue in Hemphill. Fully 31.22% of the housing stock is classified as vacant. Left unchecked, vacant Hemphill homes and apartments can be a drag on the real estate market, holding Hemphill 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.

Hemphill Home Appreciation Rates

In the last 10 years, Hemphill has experienced some of the highest home appreciation rates of any community in the nation. Hemphill real estate appreciated 17.44% over the last ten years, which is an average annual home appreciation rate of 1.62%, putting Hemphill in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hemphill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hemphill's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Hemphill's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Hemphill's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$93,971

Hemphill, TX HOME PRICES

Value Range
> $1,109,000 0.0
$832,001 - $1,109,000 0.0
$555,001 - $832,000 0.0
$444,001 - $555,000 3.4
$333,001 - $444,000 6.5
$222,001 - $333,000 7.9
$111,001 - $222,000 25.8
$55,001 - $111,000 26.9
$0 - $55,000 29.5

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
81.3840384390015 69.7470817120623

Number Of Homes And Apartments:
423

Hemphill 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
55.02% 2.57% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$717 / per month

Homeownership Rate

Homeownership
Owners 67.95
Renters 32.05
Vacant 31.22

Housing Market Details

 

Age of Homes

AGE OF Hemphill HOMES
2000 or Newer 10.1
1970 - 1999 47.8
1940 - 1969 30.4
1939 or Older 11.7

Types of Homes

TYPE OF Hemphill HOMES
Single-Family 65.0
Townhomes 0.7
Small Apt. Buildings 6.7
Apt. Complexes 4.7
Mobile Homes 22.9
Other 0.0

Home Size

SIZE OF Hemphill HOMES
No Bedroom 1.63
1 Bedroom 12.36
2 Bedrooms 31.06
3 Bedrooms 46.50
4 Bedrooms 8.46
5 or more bedrooms 0.00

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Zip Codes in Hemphill, TX