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 14,803 people, 3,789 houses or apartments, and a median cost of homes of $346,747, Manvel real estate prices are well above average cost compared to national prices.
Manvel is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Manvel than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Manvel. Owner-occupied housing accounts for 82.26% of Manvel's homes, and 79.32% have either three or four bedrooms, which is average sized relative to America.
Manvel homes and real estate are some of the newest in America. 70.40% of Manvel'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 Manvel real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 24.25%), and between 1940-1969 ( 4.88%).
Appreciation rates for homes in Manvel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 116.94%, which ranks in the top 30% nationwide. This equates to an annual average Manvel house appreciation rate of 8.05%.
Appreciation rates are so strong in Manvel that despite a nationwide downturn in the housing market, Manvel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Manvel appreciation rates continue to be some of the highest in America, at 13.90%, which is higher than appreciation rates in 83.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Manvel. Manvel appreciation rates in the latest quarter were at 4.53%, which equates to an annual appreciation rate of 19.41%.
Importantly, this makes Manvel 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 Manvel's latest annual appreciation rate is higher 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 Manvel differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Manvel - 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 Manvel real estate investment or home purchase decisions.
$346,747
for Texas
for nation
3,789
$2,207 / per month