Keene, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Keene, 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

Keene Housing Market Information

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.

Keene Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$154,912

Keene, TX HOME PRICES

Value Range
> $1,268,000 0.7
$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

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
47.9549982421188 31.2256809338521

Number Of Homes And Apartments:
1,852

Keene 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
53.66% 2.52% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,022 / per month

Homeownership Rate

Homeownership
Owners 42.51
Renters 57.49
Vacant 10.53

Housing Market Details

 

Age of Homes

AGE OF Keene HOMES
2000 or Newer 22.3
1970 - 1999 57.7
1940 - 1969 19.8
1939 or Older 0.2

Types of Homes

TYPE OF Keene HOMES
Single-Family 48.5
Townhomes 1.3
Small Apt. Buildings 17.3
Apt. Complexes 8.2
Mobile Homes 24.3
Other 0.5

Home Size

SIZE OF Keene HOMES
No Bedroom 1.26
1 Bedroom 6.09
2 Bedrooms 35.12
3 Bedrooms 48.02
4 Bedrooms 8.41
5 or more bedrooms 1.11

Popular Neighborhoods in Keene

Zip Codes in Keene, TX