Killeen, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Killeen, 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 Q2 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

Killeen Housing Market Information

With a population of 140,806, 46,952 total housing units (homes and apartments), and a median house value of $125,395, house prices in Killeen are solidly below the national average.

Single-family detached homes are the single most common housing type in Killeen, accounting for 62.38% of the city's housing units. Other types of housing that are prevalent in Killeen include large apartment complexes or high rise apartments ( 16.57%), duplexes, homes converted to apartments or other small apartment buildings ( 14.24%), and a few row houses and other attached homes ( 4.22%).

The most prevalent building size and type in Killeen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.89% owning and 53.11% renting.

There is a lot of housing in Killeen 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 Killeen built between 2000 and later ( 34.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.99%).

Vacant housing appears to be an issue in Killeen. Fully 18.42% of the housing stock is classified as vacant. Left unchecked, vacant Killeen homes and apartments can be a drag on the real estate market, holding Killeen 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.

Killeen Home Appreciation Rates

Appreciation rates for homes in Killeen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.88%, which ranks in the top 50% nationwide. This equates to an annual average Killeen house appreciation rate of 0.57%.

NeighborhoodScout's data show that during the latest twelve months, Killeen's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Killeen's appreciation rate has been 1.73%, which annualizes to a rate of 7.10%.

Relative to Texas, our data show that Killeen's latest annual appreciation rate is higher than 50% 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 Killeen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Killeen - 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 Killeen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,395

Killeen, TX HOME PRICES

Value Range
> $1,098,000 0.5
$824,001 - $1,098,000 0.5
$549,001 - $824,000 0.3
$439,001 - $549,000 0.4
$329,001 - $439,000 1.2
$219,001 - $329,000 7.8
$110,001 - $219,000 47.3
$55,001 - $110,000 34.2
$0 - $55,000 7.8

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
63.6629779261081 47.9571984435798

Number Of Homes And Apartments:
46,952

Killeen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
36.71% 1.80% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,115 / per month

Homeownership Rate

Homeownership
Owners 46.89
Renters 53.11
Vacant 18.42

Housing Market Details

 

Age of Homes

AGE OF Killeen HOMES
2000 or Newer 34.5
1970 - 1999 52.0
1940 - 1969 13.0
1939 or Older 0.5

Types of Homes

TYPE OF Killeen HOMES
Single-Family 62.4
Townhomes 4.2
Small Apt. Buildings 14.2
Apt. Complexes 16.6
Mobile Homes 2.4
Other 0.2

Home Size

SIZE OF Killeen HOMES
No Bedroom 2.42
1 Bedroom 11.59
2 Bedrooms 19.69
3 Bedrooms 42.69
4 Bedrooms 21.84
5 or more bedrooms 1.78