Llano, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Llano, 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

Llano Housing Market Information

With 3,341 people, 1,324 houses or apartments, and a median cost of homes of $103,583, house prices in Llano are solidly below the national average.

Single-family detached homes are the single most common housing type in Llano, accounting for 77.33% of the city's housing units. Other types of housing that are prevalent in Llano include mobile homes or trailers ( 9.43%), large apartment complexes or high rise apartments ( 5.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Llano. Owner-occupied housing accounts for 65.89% of Llano's homes, and 51.48% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Llano 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 Llano built between 1940-1969 ( 34.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.97%). There's also some housing in Llano built before 1939 ( 15.28%).

Vacant housing appears to be an issue in Llano. Fully 24.77% of the housing stock is classified as vacant. Left unchecked, vacant Llano homes and apartments can be a drag on the real estate market, holding Llano 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.

Llano Home Appreciation Rates

In the last 10 years, Llano has experienced some of the highest home appreciation rates of any community in the nation. Llano real estate appreciated 22.94% over the last ten years, which is an average annual home appreciation rate of 2.09%, putting Llano in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Llano 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 Llano that despite a nationwide downturn in the housing market, Llano real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Llano appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 78.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Llano. Llano appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Llano's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$103,583

Llano, TX HOME PRICES

Value Range
> $1,131,000 1.2
$848,001 - $1,131,000 0.8
$565,001 - $848,000 1.4
$452,001 - $565,000 1.6
$339,001 - $452,000 7.9
$226,001 - $339,000 5.1
$113,001 - $226,000 26.7
$57,001 - $113,000 42.2
$0 - $57,000 13.0

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
75.2988397984296 62.1108949416342

Number Of Homes And Apartments:
1,324

Llano 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
85.33% 3.64% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$912 / per month

Homeownership Rate

Homeownership
Owners 65.89
Renters 34.11
Vacant 24.77

Housing Market Details

 

Age of Homes

AGE OF Llano HOMES
2000 or Newer 16.0
1970 - 1999 34.5
1940 - 1969 34.3
1939 or Older 15.3

Types of Homes

TYPE OF Llano HOMES
Single-Family 77.3
Townhomes 2.0
Small Apt. Buildings 5.6
Apt. Complexes 5.7
Mobile Homes 9.4
Other 0.0

Home Size

SIZE OF Llano HOMES
No Bedroom 2.90
1 Bedroom 12.78
2 Bedrooms 30.23
3 Bedrooms 45.80
4 Bedrooms 5.68
5 or more bedrooms 2.61

Popular Neighborhoods in Llano

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Zip Codes in Llano, TX