Hurst, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Hurst Neighborhoods Since 2000




Hurst, 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

Hurst Housing Market Information

With 39,016 people, 14,432 houses or apartments, and a median cost of homes of $177,226, Hurst real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hurst, accounting for 68.61% of the city's housing units. Other types of housing that are prevalent in Hurst include large apartment complexes or high rise apartments ( 19.54%), duplexes, homes converted to apartments or other small apartment buildings ( 7.78%), and a few row houses and other attached homes ( 2.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hurst. Owner-occupied housing accounts for 65.53% of Hurst's homes, and 67.08% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hurst 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 Hurst built between 1940-1969 ( 42.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.67%).

Hurst Home Appreciation Rates

In the last 10 years, Hurst has experienced some of the highest home appreciation rates of any community in the nation. Hurst real estate appreciated 41.74% over the last ten years, which is an average annual home appreciation rate of 3.55%, putting Hurst in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hurst 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 Hurst that despite a nationwide downturn in the housing market, Hurst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hurst appreciation rates continue to be some of the highest in America, at 12.03%, which is higher than appreciation rates in 97.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hurst. Hurst appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Hurst 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 Hurst's latest annual appreciation rate is higher than 90% 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 Hurst differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hurst - 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 Hurst real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$177,226

Hurst, TX HOME PRICES

Value Range
> $1,357,000 0.4
$1,017,001 - $1,357,000 0.4
$678,001 - $1,017,000 1.1
$543,001 - $678,000 1.9
$407,001 - $543,000 3.7
$271,001 - $407,000 14.4
$136,001 - $271,000 54.8
$68,001 - $136,000 18.3
$0 - $68,000 5.0

High for TX
High for Nation

Value Relative to Nation Value Relative to State
39.1128559709364 22.568093385214

Number Of Homes And Apartments:
14,432

Hurst 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
72.87% 3.22% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,137 / per month

Homeownership Rate

Homeownership
Owners 65.53
Renters 34.47
Vacant 6.47

Housing Market Details

 

Age of Homes

AGE OF Hurst HOMES
2000 or Newer 7.7
1970 - 1999 49.5
1940 - 1969 42.3
1939 or Older 0.5

Types of Homes

TYPE OF Hurst HOMES
Single-Family 68.6
Townhomes 2.6
Small Apt. Buildings 7.8
Apt. Complexes 19.5
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Hurst HOMES
No Bedroom 0.87
1 Bedroom 12.79
2 Bedrooms 17.83
3 Bedrooms 48.31
4 Bedrooms 18.77
5 or more bedrooms 1.43