Malakoff, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Malakoff, TX Real Estate Data


Malakoff Housing Market Information

With a population of 2,296, 925 total housing units (homes and apartments), and a median house value of $73,599, house prices in Malakoff 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 Malakoff, accounting for 62.79% of the city's housing units. Other types of housing that are prevalent in Malakoff include duplexes, homes converted to apartments or other small apartment buildings ( 13.93%), mobile homes or trailers ( 11.64%), and a few large apartment complexes or high rise apartments ( 11.27%).

The most prevalent building size and type in Malakoff are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.22% owning and 46.78% renting.

There is a lot of housing in Malakoff 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 Malakoff built between 1940-1969 ( 26.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.16%). There's also some housing in Malakoff built before 1939 ( 5.04%).

Vacant housing appears to be an issue in Malakoff. Fully 15.22% of the housing stock is classified as vacant. Left unchecked, vacant Malakoff homes and apartments can be a drag on the real estate market, holding Malakoff 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.

Malakoff Home Appreciation Rates

Appreciation rates for homes in Malakoff have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.14%, which ranks in the top 50% nationwide. This equates to an annual average Malakoff house appreciation rate of 0.69%.

Appreciation rates are so strong in Malakoff that despite a nationwide downturn in the housing market, Malakoff real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Malakoff appreciation rates continue to be some of the highest in America, at 7.28%, which is higher than appreciation rates in 86.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Malakoff. Malakoff appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Malakoff 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 Malakoff's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$73,599

Malakoff, TX HOME PRICES

Value Range
> $1,052,000 0.1
$789,001 - $1,052,000 0.3
$527,001 - $789,000 0.1
$421,001 - $527,000 0.5
$316,001 - $421,000 0.4
$210,001 - $316,000 4.9
$106,001 - $210,000 16.2
$53,001 - $106,000 50.8
$0 - $53,000 26.7

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
94.2788545997541 89.3203883495146

Number Of Homes And Apartments:
925

Rent & Ownership

 

Average Market Rent:
$711 / per month

Homeownership Rate

Homeownership
Owners 53.22
Renters 46.78
Vacant 15.22

Housing Market Details

 

Age of Homes

AGE OF Malakoff HOMES
2000 or Newer 8.2
1970 - 1999 59.9
1940 - 1969 26.9
1939 or Older 5.0

Types of Homes

TYPE OF Malakoff HOMES
Single-Family 62.8
Townhomes 0.4
Small Apt. Buildings 13.9
Apt. Complexes 11.3
Mobile Homes 11.6
Other 0.0

Home Size

SIZE OF Malakoff HOMES
No Bedroom 0.00
1 Bedroom 7.79
2 Bedrooms 30.71
3 Bedrooms 49.04
4 Bedrooms 11.46
5 or more bedrooms 1.01

Malakoff 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
48.75% 2.36% 2 6
* 10 is highest

Popular Neighborhoods in Malakoff

Zip Codes in Malakoff, TX