Humble TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Humble, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Humble Housing Market Information

With 16,041 people, 5,835 houses or apartments, and a median cost of homes of $152,703, house prices in Humble are solidly below the national average.

Single-family detached homes are the single most common housing type in Humble, accounting for 41.97% of the city's housing units. Other types of housing that are prevalent in Humble include large apartment complexes or high rise apartments ( 35.81%), duplexes, homes converted to apartments or other small apartment buildings ( 13.08%), and a few mobile homes or trailers ( 6.10%).

People in Humble primarily live in small (one, two or no bedroom) single-family detached homes. Humble has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Humble 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 Humble built between 2000 and later ( 14.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.09%). There's also some housing in Humble built before 1939 ( 2.58%).

Humble Home Appreciation Rates

In the last 10 years, Humble has experienced some of the highest home appreciation rates of any community in the nation. Humble real estate appreciated 66.79% over the last ten years, which is an average annual home appreciation rate of 5.25%, putting Humble in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Humble definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Humble appreciation rates have trailed the rest of the nation. In the last twelve months, Humble's appreciation rate has been 3.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Humble were at 1.33%, which equates to an annual appreciation rate of 5.45%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Humble differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Humble - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Humble real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$152,703

Humble, TX HOME PRICES

Value Range
> $1,170,000 0.0
$878,001 - $1,170,000 0.1
$585,001 - $878,000 0.0
$468,001 - $585,000 1.0
$351,001 - $468,000 6.2
$234,001 - $351,000 7.4
$117,001 - $234,000 59.2
$59,001 - $117,000 20.0
$0 - $59,000 6.2

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
59.8948905109489 46.7507274490786

Number Of Homes And Apartments:
5,835

Humble Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
104.77% 3.56%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,180 / per month

Homeownership Rate

Homeownership
Owners 39.88
Renters 60.12
Vacant 7.13

Housing Market Details

 

Age of Homes

AGE OF Humble HOMES
2000 or Newer 14.5
1970 - 1999 68.9
1940 - 1969 14.1
1939 or Older 2.6

Types of Homes

TYPE OF Humble HOMES
Single-Family 42.0
Townhomes 3.0
Small Apt. Buildings 13.1
Apt. Complexes 35.8
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Humble HOMES
No Bedroom 3.44
1 Bedroom 23.22
2 Bedrooms 23.65
3 Bedrooms 38.21
4 Bedrooms 10.12
5 or more bedrooms 1.35