Hewitt, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hewitt, 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

Hewitt Housing Market Information

With 14,252 people, 5,180 houses or apartments, and a median cost of homes of $175,476, 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 79.47% 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 ( 9.64%), row houses and other attached homes ( 5.66%), and a few large apartment complexes or high rise apartments ( 4.52%).

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 72.91% of Hewitt's homes, and 85.21% 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 ( 22.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.97%).

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 25.12% over the last ten years, which is an average annual home appreciation rate of 2.27%, putting Hewitt in the top 10% 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.

Appreciation rates are so strong in Hewitt that despite a nationwide downturn in the housing market, Hewitt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hewitt appreciation rates continue to be some of the highest in America, at 7.34%, which is higher than appreciation rates in 83.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hewitt. Hewitt appreciation rates in the latest quarter were at 0.68%, which equates to an annual appreciation rate of 2.76%.

Relative to Texas, our data show that Hewitt's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$175,476

Hewitt, TX HOME PRICES

Value Range
> $1,150,000 0.0
$862,001 - $1,150,000 0.0
$575,001 - $862,000 0.1
$460,001 - $575,000 0.4
$345,001 - $460,000 1.6
$230,001 - $345,000 15.4
$115,001 - $230,000 71.4
$57,001 - $115,000 6.9
$0 - $57,000 4.3

High for TX
High for Nation

Value Relative to Nation Value Relative to State
39.7691316067034 23.5408560311284

Number Of Homes And Apartments:
5,180

Hewitt 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
58.37% 2.70% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,551 / per month

Homeownership Rate

Homeownership
Owners 72.91
Renters 27.09
Vacant 5.20

Housing Market Details

 

Age of Homes

AGE OF Hewitt HOMES
2000 or Newer 22.7
1970 - 1999 72.6
1940 - 1969 4.0
1939 or Older 0.7

Types of Homes

TYPE OF Hewitt HOMES
Single-Family 79.5
Townhomes 5.7
Small Apt. Buildings 9.6
Apt. Complexes 4.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Hewitt HOMES
No Bedroom 0.00
1 Bedroom 1.08
2 Bedrooms 12.87
3 Bedrooms 59.39
4 Bedrooms 25.82
5 or more bedrooms 0.84

Popular Neighborhoods in Hewitt

Zip Codes in Hewitt, TX