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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 6,181, 1,852 total housing units (homes and apartments), and a median house value of $154,912, Keene 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 Keene, accounting for 48.45% of the city's housing units. Other types of housing that are prevalent in Keene include mobile homes or trailers ( 24.25%), duplexes, homes converted to apartments or other small apartment buildings ( 17.34%), and a few large apartment complexes or high rise apartments ( 8.16%).
The most prevalent building size and type in Keene are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.51% owning and 57.49% renting.
There is a lot of housing in Keene 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 Keene built between 2000 and later ( 22.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.81%).
Vacant housing appears to be an issue in Keene. Fully 10.53% of the housing stock is classified as vacant. Left unchecked, vacant Keene homes and apartments can be a drag on the real estate market, holding Keene 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.
In the last 10 years, Keene has experienced some of the highest home appreciation rates of any community in the nation. Keene real estate appreciated 22.10% over the last ten years, which is an average annual home appreciation rate of 2.02%, putting Keene in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Keene 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 Keene that despite a nationwide downturn in the housing market, Keene real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keene appreciation rates continue to be some of the highest in America, at 8.07%, which is higher than appreciation rates in 87.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keene. Keene appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes Keene 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 Keene's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
|$951,001 - $1,268,000||0.6|
|$634,001 - $951,000||0.1|
|$508,001 - $634,000||1.3|
|$381,001 - $508,000||1.7|
|$254,001 - $381,000||10.0|
|$127,001 - $254,000||38.7|
|$63,001 - $127,000||22.0|
|$0 - $63,000||24.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Keene HOMES|
|2000 or Newer||22.3|
|1970 - 1999||57.7|
|1940 - 1969||19.8|
|1939 or Older||0.2|
|TYPE OF Keene HOMES|
|Small Apt. Buildings||17.3|
|SIZE OF Keene HOMES|
|5 or more bedrooms||1.11|