Kilgore, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kilgore, TX Real Estate Data


Kilgore Housing Market Information

With a population of 14,947, 5,047 total housing units (homes and apartments), and a median house value of $101,302, house prices in Kilgore are solidly below the national average.

Single-family detached homes are the single most common housing type in Kilgore, accounting for 70.30% of the city's housing units. Other types of housing that are prevalent in Kilgore include large apartment complexes or high rise apartments ( 10.67%), mobile homes or trailers ( 9.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.09%).

The most prevalent building size and type in Kilgore are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.17% owning and 39.83% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kilgore's housing was primarily built during this period, from the '40s through the '60s. A full 45.62% of the city's housing hails from this era. Other housing ages represented in Kilgore include homes built between 1970-1999 ( 40.93%) and housing constructed between 2000 and later ( 9.27%). There's also some housing in Kilgore built before 1939 ( 4.18%).

Kilgore Home Appreciation Rates

In the last 10 years, Kilgore has experienced some of the highest home appreciation rates of any community in the nation. Kilgore real estate appreciated 30.71% over the last ten years, which is an average annual home appreciation rate of 2.71%, putting Kilgore in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kilgore 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, Kilgore appreciation rates have trailed the rest of the nation. In the last twelve months, Kilgore's appreciation rate has been 3.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kilgore were at -0.14%, which equates to an annual appreciation rate of -0.55%.

Notably, Kilgore's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Kilgore's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$101,302

Kilgore, TX HOME PRICES

Value Range
> $1,135,000 0.0
$851,001 - $1,135,000 0.2
$567,001 - $851,000 0.2
$454,001 - $567,000 0.4
$341,001 - $454,000 2.7
$227,001 - $341,000 5.3
$113,001 - $227,000 33.2
$57,001 - $113,000 30.3
$0 - $57,000 27.6

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
78.017216138666 65.0485436893204

Number Of Homes And Apartments:
5,047

Rent & Ownership

 

Average Market Rent:
$755 / per month

Homeownership Rate

Homeownership
Owners 60.17
Renters 39.83
Vacant 9.49

Housing Market Details

 

Age of Homes

AGE OF Kilgore HOMES
2000 or Newer 9.3
1970 - 1999 40.9
1940 - 1969 45.6
1939 or Older 4.2

Types of Homes

TYPE OF Kilgore HOMES
Single-Family 70.3
Townhomes 1.3
Small Apt. Buildings 8.1
Apt. Complexes 10.7
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Kilgore HOMES
No Bedroom 1.29
1 Bedroom 11.28
2 Bedrooms 26.40
3 Bedrooms 52.03
4 Bedrooms 8.66
5 or more bedrooms 0.34

Kilgore Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
78.70% 3.47% 7 9
* 10 is highest