Kerrville, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Kerrville Neighborhoods Since 2000




Kerrville, 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

Kerrville Housing Market Information

With 23,136 people, 9,516 houses or apartments, and a median cost of homes of $129,401, house prices in Kerrville are solidly below the national average.

Single-family detached homes are the single most common housing type in Kerrville, accounting for 62.36% of the city's housing units. Other types of housing that are prevalent in Kerrville include large apartment complexes or high rise apartments ( 16.63%), duplexes, homes converted to apartments or other small apartment buildings ( 10.70%), and a few mobile homes or trailers ( 5.46%).

The most prevalent building size and type in Kerrville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.80% owning and 45.20% renting.

There is a lot of housing in Kerrville 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 Kerrville built between 1940-1969 ( 25.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.26%). There's also some housing in Kerrville built before 1939 ( 6.35%).

Kerrville Home Appreciation Rates

Appreciation rates for homes in Kerrville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.35%, which ranks in the top 30% nationwide. This equates to an annual average Kerrville house appreciation rate of 0.90%.

NeighborhoodScout's data show that during the latest twelve months, Kerrville's appreciation rate, at 4.42%, has been at or slightly above the national average. In the latest quarter, Kerrville's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$129,401

Kerrville, TX HOME PRICES

Value Range
> $1,124,000 0.8
$843,001 - $1,124,000 0.5
$562,001 - $843,000 0.8
$449,001 - $562,000 2.9
$337,001 - $449,000 4.5
$225,001 - $337,000 18.4
$113,001 - $225,000 36.5
$56,001 - $113,000 21.5
$0 - $56,000 14.2

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
60.2191491855151 43.8715953307393

Number Of Homes And Apartments:
9,516

Kerrville 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
52.76% 2.49% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,086 / per month

Homeownership Rate

Homeownership
Owners 54.80
Renters 45.20
Vacant 9.13

Housing Market Details

 

Age of Homes

AGE OF Kerrville HOMES
2000 or Newer 16.3
1970 - 1999 51.6
1940 - 1969 25.8
1939 or Older 6.4

Types of Homes

TYPE OF Kerrville HOMES
Single-Family 62.4
Townhomes 4.5
Small Apt. Buildings 10.7
Apt. Complexes 16.6
Mobile Homes 5.5
Other 0.3

Home Size

SIZE OF Kerrville HOMES
No Bedroom 3.86
1 Bedroom 8.67
2 Bedrooms 36.44
3 Bedrooms 44.12
4 Bedrooms 6.25
5 or more bedrooms 0.66