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 about Scout's Real Estate Data
With a population of 5,823, 1,882 total housing units (homes and apartments), and a median house value of $302,236, Krum real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Krum, accounting for 87.42% of the city's housing units. Other types of housing that are prevalent in Krum include large apartment complexes or high rise apartments ( 8.27%), duplexes, homes converted to apartments or other small apartment buildings ( 4.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Krum. Owner-occupied housing accounts for 81.31% of Krum's homes, and 87.94% have either three or four bedrooms, which is average sized relative to America.
Krum homes and real estate are some of the newest in America. 57.93% of Krum's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Krum real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.81%), and between 1940-1969 ( 2.44%). There's also some housing in Krum built before 1939 ( 1.82%).
In the last 10 years, Krum has experienced some of the highest home appreciation rates of any community in the nation. Krum real estate appreciated 121.62% over the last ten years, which is an average annual home appreciation rate of 8.28%, putting Krum in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Krum definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Krum's appreciation rate, at 6.70%, has been at or slightly above the national average. In the latest quarter, Krum's appreciation rate has been -2.84%, which annualizes to a rate of -10.88%.
Notably, Krum's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Krum's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$2,386 / per month