Littlefield, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Littlefield, TX Real Estate Data


Littlefield Housing Market Information

With 6,090 people, 2,102 houses or apartments, and a median cost of homes of $67,135, house prices in Littlefield are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Littlefield, accounting for 77.51% of the city's housing units. Other types of housing that are prevalent in Littlefield include duplexes, homes converted to apartments or other small apartment buildings ( 8.49%), mobile homes or trailers ( 7.35%), and a few large apartment complexes or high rise apartments ( 5.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Littlefield. Owner-occupied housing accounts for 67.39% of Littlefield's homes, and 55.56% have either three or four bedrooms, which is average sized relative to America.

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. Littlefield's housing was primarily built during this period, from the '40s through the '60s. A full 58.01% of the city's housing hails from this era. Other housing ages represented in Littlefield include homes built between 1970-1999 ( 29.44%) and housing constructed before 1939 ( 10.46%). There's also some housing in Littlefield built between 2000 and later ( 2.08%).

Vacant housing appears to be an issue in Littlefield. Fully 23.12% of the housing stock is classified as vacant. Left unchecked, vacant Littlefield homes and apartments can be a drag on the real estate market, holding Littlefield 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.

Littlefield Home Appreciation Rates

In the last 10 years, Littlefield has experienced some of the highest home appreciation rates of any community in the nation. Littlefield real estate appreciated 27.70% over the last ten years, which is an average annual home appreciation rate of 2.47%, putting Littlefield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Littlefield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Littlefield that despite a nationwide downturn in the housing market, Littlefield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Littlefield appreciation rates continue to be some of the highest in America, at 7.99%, which is higher than appreciation rates in 91.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Littlefield. Littlefield appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Littlefield one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Littlefield's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$67,135

Littlefield, TX HOME PRICES

Value Range
> $1,189,000 0.0
$891,001 - $1,189,000 0.7
$594,001 - $891,000 0.0
$476,001 - $594,000 0.0
$356,001 - $476,000 0.2
$237,001 - $356,000 2.3
$119,001 - $237,000 20.4
$59,001 - $119,000 28.4
$0 - $59,000 48.1

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
96.5801955847046 92.9126213592233

Number Of Homes And Apartments:
2,102

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Homeownership
Owners 67.39
Renters 32.61
Vacant 23.12

Housing Market Details

 

Age of Homes

AGE OF Littlefield HOMES
2000 or Newer 2.1
1970 - 1999 29.4
1940 - 1969 58.0
1939 or Older 10.5

Types of Homes

TYPE OF Littlefield HOMES
Single-Family 77.5
Townhomes 1.1
Small Apt. Buildings 8.5
Apt. Complexes 5.6
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Littlefield HOMES
No Bedroom 0.00
1 Bedroom 11.19
2 Bedrooms 30.69
3 Bedrooms 43.53
4 Bedrooms 12.03
5 or more bedrooms 2.56

Littlefield 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
82.56% 3.60% 7 9
* 10 is highest

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