Longview, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Longview Neighborhoods Since 2000




Longview, 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

Longview Housing Market Information

With a population of 82,287, 30,577 total housing units (homes and apartments), and a median house value of $123,581, house prices in Longview are solidly below the national average.

Single-family detached homes are the single most common housing type in Longview, accounting for 63.91% of the city's housing units. Other types of housing that are prevalent in Longview include large apartment complexes or high rise apartments ( 18.50%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%), and a few mobile homes or trailers ( 4.33%).

The most prevalent building size and type in Longview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.07% owning and 46.93% renting.

There is a lot of housing in Longview 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 Longview built between 1940-1969 ( 32.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.54%). There's also some housing in Longview built before 1939 ( 1.60%).

Longview Home Appreciation Rates

Appreciation rates for homes in Longview have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.82%, which ranks in the top 30% nationwide. This equates to an annual average Longview house appreciation rate of 1.03%.

Over the last year, Longview appreciation rates have trailed the rest of the nation. In the last twelve months, Longview's appreciation rate has been -3.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Longview were at -1.05%, which equates to an annual appreciation rate of -4.14%.

Notably, Longview's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Longview'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 Longview differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Longview - 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 Longview real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$123,581

Longview, TX HOME PRICES

Value Range
> $1,004,000 0.6
$754,001 - $1,004,000 0.3
$502,001 - $754,000 0.8
$402,001 - $502,000 1.3
$302,001 - $402,000 3.4
$201,001 - $302,000 11.4
$100,001 - $201,000 42.4
$50,001 - $100,000 27.4
$0 - $50,000 12.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
63.4184929098793 47.3735408560311

Number Of Homes And Apartments:
30,577

Longview 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
47.14% 2.26% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$984 / per month

Homeownership Rate

Homeownership
Owners 53.07
Renters 46.93
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Longview HOMES
2000 or Newer 12.5
1970 - 1999 53.1
1940 - 1969 32.7
1939 or Older 1.6

Types of Homes

TYPE OF Longview HOMES
Single-Family 63.9
Townhomes 1.9
Small Apt. Buildings 11.3
Apt. Complexes 18.5
Mobile Homes 4.3
Other 0.1

Home Size

SIZE OF Longview HOMES
No Bedroom 1.22
1 Bedroom 13.07
2 Bedrooms 27.77
3 Bedrooms 44.90
4 Bedrooms 12.08
5 or more bedrooms 0.96