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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 149,103, 51,887 total housing units (homes and apartments), and a median house value of $130,353, 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 63.42% of the city's housing units. Other types of housing that are prevalent in Killeen include duplexes, homes converted to apartments or other small apartment buildings ( 15.99%), large apartment complexes or high rise apartments ( 15.11%), and a few row houses and other attached homes ( 2.97%).
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 43.98% owning and 56.02% 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 ( 38.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.75%).
Vacant housing appears to be an issue in Killeen. Fully 13.57% 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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Killeen during the period has been just 1.60%, which is lower than 70% of US communities.
Over the last year, Killeen appreciation rates have trailed the rest of the nation. In the last twelve months, Killeen's appreciation rate has been 2.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Killeen were at 3.14%, which equates to an annual appreciation rate of 13.17%.
Importantly, NeighborhoodScout’s exclusive research found that Killeen's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Texas, our data show that Killeen's latest annual appreciation rate is lower 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 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.
|$865,001 - $1,154,000||0.6|
|$577,001 - $865,000||0.4|
|$462,001 - $577,000||0.5|
|$346,001 - $462,000||1.7|
|$231,001 - $346,000||8.0|
|$116,001 - $231,000||45.3|
|$58,001 - $116,000||34.8|
|$0 - $58,000||8.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Killeen HOMES|
|2000 or Newer||38.7|
|1970 - 1999||48.1|
|1940 - 1969||12.7|
|1939 or Older||0.4|
|TYPE OF Killeen HOMES|
|Small Apt. Buildings||16.0|
|SIZE OF Killeen HOMES|
|5 or more bedrooms||2.34|