Kilgore, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kilgore Neighborhoods Since 2000




Kilgore, 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

Kilgore Housing Market Information

With 14,947 people, 5,070 houses or apartments, and a median cost of homes of $127,160, 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 72.94% of the city's housing units. Other types of housing that are prevalent in Kilgore include mobile homes or trailers ( 9.78%), large apartment complexes or high rise apartments ( 8.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.24%).

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 61.94% owning and 38.06% 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 45.97% of the city's housing hails from this era. Other housing ages represented in Kilgore include homes built between 1970-1999 ( 38.38%) and housing constructed between 2000 and later ( 11.93%). There's also some housing in Kilgore built before 1939 ( 3.72%).

Vacant housing appears to be an issue in Kilgore. Fully 13.13% of the housing stock is classified as vacant. Left unchecked, vacant Kilgore homes and apartments can be a drag on the real estate market, holding Kilgore 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.

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 22.36% over the last ten years, which is an average annual home appreciation rate of 2.04%, putting Kilgore in the top 20% 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 1.65%, 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 -1.09%, which equates to an annual appreciation rate of -4.28%.

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 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$127,160

Kilgore, TX HOME PRICES

Value Range
> $1,076,000 0.0
$807,001 - $1,076,000 0.2
$538,001 - $807,000 0.2
$430,001 - $538,000 0.3
$323,001 - $430,000 3.3
$215,001 - $323,000 4.8
$108,001 - $215,000 36.4
$54,001 - $108,000 32.0
$0 - $54,000 22.8

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
61.3207547169811 44.8443579766537

Number Of Homes And Apartments:
5,070

Kilgore 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
77.81% 3.39% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$897 / per month

Homeownership Rate

Homeownership
Owners 61.94
Renters 38.06
Vacant 13.13

Housing Market Details

 

Age of Homes

AGE OF Kilgore HOMES
2000 or Newer 11.9
1970 - 1999 38.4
1940 - 1969 46.0
1939 or Older 3.7

Types of Homes

TYPE OF Kilgore HOMES
Single-Family 72.9
Townhomes 0.4
Small Apt. Buildings 8.2
Apt. Complexes 8.7
Mobile Homes 9.8
Other 0.0

Home Size

SIZE OF Kilgore HOMES
No Bedroom 0.70
1 Bedroom 10.74
2 Bedrooms 25.65
3 Bedrooms 52.72
4 Bedrooms 10.02
5 or more bedrooms 0.15