Junction, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Junction Neighborhoods Since 2000




Junction, 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

Junction Housing Market Information

With 2,444 people, 1,125 houses or apartments, and a median cost of homes of $75,138, house prices in Junction are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Junction, accounting for 65.75% of the city's housing units. Other types of housing that are prevalent in Junction include mobile homes or trailers ( 19.73%), duplexes, homes converted to apartments or other small apartment buildings ( 8.39%), and a few large apartment complexes or high rise apartments ( 3.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Junction. Owner-occupied housing accounts for 66.05% of Junction's homes, and 52.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Junction 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 Junction built between 1940-1969 ( 37.98%). A lesser amount of the housing stock also hails from before 1939 ( 12.68%). There's also some housing in Junction built between 2000 and later ( 6.06%).

Vacant housing appears to be an issue in Junction. Fully 20.72% of the housing stock is classified as vacant. Left unchecked, vacant Junction homes and apartments can be a drag on the real estate market, holding Junction real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Junction Home Appreciation Rates

In the last 10 years, Junction has experienced some of the highest home appreciation rates of any community in the nation. Junction real estate appreciated 20.84% over the last ten years, which is an average annual home appreciation rate of 1.91%, putting Junction in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Junction 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, Junction's appreciation rate, at 4.82%, has been at or slightly above the national average. In the latest quarter, Junction's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$75,138

Junction, TX HOME PRICES

Value Range
> $1,120,000 1.9
$840,001 - $1,120,000 0.6
$560,001 - $840,000 1.1
$448,001 - $560,000 1.0
$336,001 - $448,000 1.2
$224,001 - $336,000 5.5
$112,001 - $224,000 18.7
$56,001 - $112,000 44.4
$0 - $56,000 25.6

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
93.0798078049924 86.4785992217899

Number Of Homes And Apartments:
1,125

Junction 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
84.31% 3.61% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$894 / per month

Homeownership Rate

Homeownership
Owners 66.05
Renters 33.95
Vacant 20.72

Housing Market Details

 

Age of Homes

AGE OF Junction HOMES
2000 or Newer 6.1
1970 - 1999 43.3
1940 - 1969 38.0
1939 or Older 12.7

Types of Homes

TYPE OF Junction HOMES
Single-Family 65.8
Townhomes 1.6
Small Apt. Buildings 8.4
Apt. Complexes 3.3
Mobile Homes 19.7
Other 1.3

Home Size

SIZE OF Junction HOMES
No Bedroom 2.89
1 Bedroom 16.14
2 Bedrooms 28.47
3 Bedrooms 40.73
4 Bedrooms 11.28
5 or more bedrooms 0.49

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Zip Codes in Junction, TX