Mount Pleasant, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mount Pleasant Neighborhoods Since 2000




Mount Pleasant, TX Real Estate Data


Mount Pleasant Housing Market Information

With 16,051 people, 4,920 houses or apartments, and a median cost of homes of $103,860, house prices in Mount Pleasant are solidly below the national average.

Single-family detached homes are the single most common housing type in Mount Pleasant, accounting for 70.76% of the city's housing units. Other types of housing that are prevalent in Mount Pleasant include large apartment complexes or high rise apartments ( 13.63%), duplexes, homes converted to apartments or other small apartment buildings ( 8.77%), and a few mobile homes or trailers ( 5.29%).

The most prevalent building size and type in Mount Pleasant are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.60% owning and 44.40% renting.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 1940-1969 ( 27.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.44%). There's also some housing in Mount Pleasant built before 1939 ( 6.82%).

Mount Pleasant Home Appreciation Rates

Appreciation rates for homes in Mount Pleasant have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.91%, which ranks in the top 30% nationwide. This equates to an annual average Mount Pleasant house appreciation rate of 1.31%.

Appreciation rates are so strong in Mount Pleasant that despite a nationwide downturn in the housing market, Mount Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Pleasant appreciation rates continue to be some of the highest in America, at 9.02%, which is higher than appreciation rates in 90.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Pleasant. Mount Pleasant appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.19%.

Importantly, this makes Mount Pleasant 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 Mount Pleasant's latest annual appreciation rate is higher than 80% 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 Mount Pleasant differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Pleasant - 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 Mount Pleasant real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$103,860

Mount Pleasant, TX HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.7
$550,001 - $825,000 0.4
$440,001 - $550,000 0.0
$330,001 - $440,000 2.8
$220,001 - $330,000 4.1
$110,001 - $220,000 30.1
$55,001 - $110,000 42.9
$0 - $55,000 19.0

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
75.03808742529 61.3813229571984

Number Of Homes And Apartments:
4,920

Rent & Ownership

 

Average Market Rent:
$846 / per month

Homeownership Rate

Homeownership
Owners 55.60
Renters 44.40
Vacant 9.36

Housing Market Details

 

Age of Homes

AGE OF Mount Pleasant HOMES
2000 or Newer 15.4
1970 - 1999 50.0
1940 - 1969 27.7
1939 or Older 6.8

Types of Homes

TYPE OF Mount Pleasant HOMES
Single-Family 70.8
Townhomes 1.5
Small Apt. Buildings 8.8
Apt. Complexes 13.6
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Mount Pleasant HOMES
No Bedroom 3.54
1 Bedroom 8.97
2 Bedrooms 28.96
3 Bedrooms 45.23
4 Bedrooms 11.57
5 or more bedrooms 1.73

Mount Pleasant Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
54.13% 2.54% 3 7
* 10 is highest