Keller, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Keller Neighborhoods Since 2000




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 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

Keller Housing Market Information

With 45,758 people, 14,449 houses or apartments, and a median cost of homes of $409,746, 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 83.13% of Keller's homes, and 73.02% 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 ( 37.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.12%).

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 46.91% over the last ten years, which is an average annual home appreciation rate of 3.92%, 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.

Appreciation rates are so strong in Keller that despite a nationwide downturn in the housing market, Keller real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Keller appreciation rates continue to be some of the highest in America, at 11.46%, which is higher than appreciation rates in 96.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Keller. Keller appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Keller 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 Keller'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 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:
$409,746

Keller, TX HOME PRICES

Value Range
> $1,335,000 1.7
$1,001,001 - $1,335,000 3.1
$668,001 - $1,001,000 7.8
$534,001 - $668,000 11.2
$401,001 - $534,000 22.4
$267,001 - $401,000 29.0
$134,001 - $267,000 19.1
$67,001 - $134,000 3.6
$0 - $67,000 2.1

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
9.00621118012422 3.69649805447471

Number Of Homes And Apartments:
14,449

Keller 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
74.07% 3.27% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,318 / per month

Homeownership Rate

Homeownership
Owners 83.13
Renters 16.87
Vacant 2.54

Housing Market Details

 

Age of Homes

AGE OF Keller HOMES
2000 or Newer 38.0
1970 - 1999 58.1
1940 - 1969 3.1
1939 or Older 0.8

Types of Homes

TYPE OF Keller HOMES
Single-Family 88.9
Townhomes 1.4
Small Apt. Buildings 1.2
Apt. Complexes 8.3
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Keller HOMES
No Bedroom 0.34
1 Bedroom 5.15
2 Bedrooms 8.57
3 Bedrooms 29.79
4 Bedrooms 43.23
5 or more bedrooms 12.92