Hewitt, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hewitt, TX Real Estate Data


Hewitt Housing Market Information

With a population of 14,252, 5,135 total housing units (homes and apartments), and a median house value of $184,626, Hewitt real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hewitt, accounting for 77.72% of the city's housing units. Other types of housing that are prevalent in Hewitt include duplexes, homes converted to apartments or other small apartment buildings ( 9.17%), row houses and other attached homes ( 6.73%), and a few large apartment complexes or high rise apartments ( 5.74%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hewitt. Owner-occupied housing accounts for 70.09% of Hewitt's homes, and 83.73% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hewitt 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 Hewitt built between 2000 and later ( 22.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.26%).

Hewitt Home Appreciation Rates

In the last 10 years, Hewitt has experienced some of the highest home appreciation rates of any community in the nation. Hewitt real estate appreciated 25.26% over the last ten years, which is an average annual home appreciation rate of 2.28%, putting Hewitt in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hewitt 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, Hewitt's appreciation rate, at 5.49%, has been at or slightly above the national average. In the latest quarter, Hewitt's appreciation rate has been 5.00%, which annualizes to a rate of 21.53%.

Importantly, this makes Hewitt 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 Hewitt's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$184,626

Hewitt, TX HOME PRICES

Value Range
> $1,197,000 0.0
$898,001 - $1,197,000 0.0
$599,001 - $898,000 0.1
$479,001 - $599,000 0.4
$359,001 - $479,000 1.4
$239,001 - $359,000 13.2
$120,001 - $239,000 74.5
$60,001 - $120,000 6.8
$0 - $60,000 3.7

High for TX
High for Nation

Value Relative to Nation Value Relative to State
37.6295602272062 22.4271844660194

Number Of Homes And Apartments:
5,135

Rent & Ownership

 

Average Market Rent:
$1,388 / per month

Homeownership Rate

Homeownership
Owners 70.09
Renters 29.91
Vacant 4.84

Housing Market Details

 

Age of Homes

AGE OF Hewitt HOMES
2000 or Newer 22.7
1970 - 1999 72.4
1940 - 1969 4.3
1939 or Older 0.6

Types of Homes

TYPE OF Hewitt HOMES
Single-Family 77.7
Townhomes 6.7
Small Apt. Buildings 9.2
Apt. Complexes 5.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Hewitt HOMES
No Bedroom 0.00
1 Bedroom 1.30
2 Bedrooms 14.53
3 Bedrooms 58.91
4 Bedrooms 24.81
5 or more bedrooms 0.44

Hewitt 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
56.77% 2.68% 3 7
* 10 is highest

Popular Neighborhoods in Hewitt

Zip Codes in Hewitt, TX