Keller TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Keller, 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 Q3 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 about Scout's Real Estate Data

Keller Housing Market Information

With 47,213 people, 15,230 houses or apartments, and a median cost of homes of $459,375, Keller house prices are not only among the most expensive in Texas, Keller real estate also is some of the most expensive in all of America.

Keller is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Keller than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Keller. Owner-occupied housing accounts for 82.46% of Keller's homes, and 71.78% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Keller 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 Keller built between 2000 and later ( 40.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.91%).

Keller Home Appreciation Rates

In the last 10 years, Keller has experienced some of the highest home appreciation rates of any community in the nation. Keller real estate appreciated 73.18% over the last ten years, which is an average annual home appreciation rate of 5.65%, putting Keller in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Keller 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, Keller appreciation rates have trailed the rest of the nation. In the last twelve months, Keller's appreciation rate has been 3.41%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Keller were at 1.09%, which equates to an annual appreciation rate of 4.42%.

Relative to Texas, our data show that Keller'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 Keller differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Keller - 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 Keller real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$459,375

Keller, TX HOME PRICES

Value Range
> $1,277,000 2.6
$958,001 - $1,277,000 5.1
$639,001 - $958,000 13.2
$511,001 - $639,000 15.6
$383,001 - $511,000 23.8
$255,001 - $383,000 22.4
$128,001 - $255,000 14.4
$64,001 - $128,000 1.5
$0 - $64,000 1.3

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
9.50656934306569 3.97672162948594

Number Of Homes And Apartments:
15,230

Keller Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
111.66% 3.68%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,355 / per month

Homeownership Rate

Homeownership
Owners 82.46
Renters 17.54
Vacant 1.95

Housing Market Details

 

Age of Homes

AGE OF Keller HOMES
2000 or Newer 40.4
1970 - 1999 57.1
1940 - 1969 1.9
1939 or Older 0.6

Types of Homes

TYPE OF Keller HOMES
Single-Family 88.3
Townhomes 1.0
Small Apt. Buildings 2.6
Apt. Complexes 7.6
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Keller HOMES
No Bedroom 0.37
1 Bedroom 2.67
2 Bedrooms 9.43
3 Bedrooms 29.29
4 Bedrooms 42.49
5 or more bedrooms 15.74