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 a population of 116,477, 38,483 total housing units (homes and apartments), and a median house value of $377,760, New Braunfels real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in New Braunfels, accounting for 68.64% of the city's housing units. Other types of housing that are prevalent in New Braunfels include large apartment complexes or high rise apartments ( 19.95%), mobile homes or trailers ( 4.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.71%).
The most prevalent building size and type in New Braunfels are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.42% owning and 35.58% renting.
New Braunfels homes and real estate are some of the newest in America. 60.63% of New Braunfels'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 New Braunfels real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.68%), and between 1940-1969 ( 9.58%). There's also some housing in New Braunfels built before 1939 ( 3.11%).
Appreciation rates for homes in New Braunfels have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.30%, which ranks in the top 50% nationwide. This equates to an annual average New Braunfels house appreciation rate of 6.98%.
Appreciation rates are so strong in New Braunfels that despite a nationwide downturn in the housing market, New Braunfels real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, New Braunfels appreciation rates continue to be some of the highest in America, at 5.46%, which is higher than appreciation rates in 72.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in New Braunfels. New Braunfels appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.84%.
Relative to Texas, our data show that New Braunfels'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 New Braunfels differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Braunfels - 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 New Braunfels real estate investment or home purchase decisions.
$377,760
for Texas
for nation
38,483
$2,197 / per month