Hockley, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hockley Neighborhoods Since 2000




Hockley, 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

Hockley Housing Market Information

With 11,188 people, 2,233 houses or apartments, and a median cost of homes of $169,471, Hockley real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hockley, accounting for 60.93% of the town's housing units. Other types of housing that are prevalent in Hockley include mobile homes or trailers ( 37.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hockley. Owner-occupied housing accounts for 80.08% of Hockley's homes, and 77.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hockley 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 Hockley built between 2000 and later ( 37.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.50%). There's also some housing in Hockley built before 1939 ( 2.39%).

Hockley Home Appreciation Rates

In the last 10 years, Hockley has experienced some of the highest home appreciation rates of any community in the nation. Hockley real estate appreciated 34.87% over the last ten years, which is an average annual home appreciation rate of 3.04%, putting Hockley in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hockley 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 Hockley that despite a nationwide downturn in the housing market, Hockley real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hockley appreciation rates continue to be some of the highest in America, at 6.36%, which is higher than appreciation rates in 76.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hockley. Hockley appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$169,471

Hockley, TX HOME PRICES

Value Range
> $1,197,000 0.7
$897,001 - $1,197,000 0.3
$598,001 - $897,000 3.8
$479,001 - $598,000 5.0
$359,001 - $479,000 9.3
$239,001 - $359,000 10.5
$120,001 - $239,000 37.0
$60,001 - $120,000 22.8
$0 - $60,000 10.6

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
41.8375717801477 25.3891050583658

Number Of Homes And Apartments:
2,233

Hockley 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
75.40% 3.31% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$956 / per month

Homeownership Rate

Homeownership
Owners 80.08
Renters 19.92
Vacant 7.88

Housing Market Details

 

Age of Homes

AGE OF Hockley HOMES
2000 or Newer 37.8
1970 - 1999 52.4
1940 - 1969 7.5
1939 or Older 2.4

Types of Homes

TYPE OF Hockley HOMES
Single-Family 60.9
Townhomes 0.9
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 37.8
Other 0.3

Home Size

SIZE OF Hockley HOMES
No Bedroom 0.75
1 Bedroom 2.23
2 Bedrooms 14.59
3 Bedrooms 58.00
4 Bedrooms 19.40
5 or more bedrooms 5.04

Popular Neighborhoods in Hockley

Zip Codes in Hockley, TX