Nocona, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Nocona Neighborhoods Since 2000




Nocona, 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

Nocona Housing Market Information

With 2,939 people, 1,208 houses or apartments, and a median cost of homes of $74,582, house prices in Nocona 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 Nocona, accounting for 72.09% of the city's housing units. Other types of housing that are prevalent in Nocona include duplexes, homes converted to apartments or other small apartment buildings ( 17.95%), row houses and other attached homes ( 4.73%), and a few large apartment complexes or high rise apartments ( 4.59%).

The most prevalent building size and type in Nocona are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.59% owning and 41.41% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Nocona's housing was primarily built during this period, from the '40s through the '60s. A full 42.94% of the city's housing hails from this era. Other housing ages represented in Nocona include homes built between 1970-1999 ( 29.92%) and housing constructed before 1939 ( 20.74%). There's also some housing in Nocona built between 2000 and later ( 6.40%).

Vacant housing appears to be an issue in Nocona. Fully 15.94% of the housing stock is classified as vacant. Left unchecked, vacant Nocona homes and apartments can be a drag on the real estate market, holding Nocona 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.

Nocona Home Appreciation Rates

In the last 10 years, Nocona has experienced some of the highest home appreciation rates of any community in the nation. Nocona real estate appreciated 29.17% over the last ten years, which is an average annual home appreciation rate of 2.59%, putting Nocona in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Nocona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Nocona that despite a nationwide downturn in the housing market, Nocona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Nocona appreciation rates continue to be some of the highest in America, at 5.84%, which is higher than appreciation rates in 72.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Nocona. Nocona appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Nocona's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$74,582

Nocona, TX HOME PRICES

Value Range
> $1,125,000 0.9
$844,001 - $1,125,000 0.0
$563,001 - $844,000 1.3
$450,001 - $563,000 0.0
$338,001 - $450,000 0.5
$225,001 - $338,000 1.8
$113,001 - $225,000 19.6
$56,001 - $113,000 42.8
$0 - $56,000 33.1

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
93.3434899800773 86.6731517509728

Number Of Homes And Apartments:
1,208

Nocona 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
67.67% 3.04% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 58.59
Renters 41.41
Vacant 15.94

Housing Market Details

 

Age of Homes

AGE OF Nocona HOMES
2000 or Newer 6.4
1970 - 1999 29.9
1940 - 1969 42.9
1939 or Older 20.7

Types of Homes

TYPE OF Nocona HOMES
Single-Family 72.1
Townhomes 4.7
Small Apt. Buildings 18.0
Apt. Complexes 4.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Nocona HOMES
No Bedroom 1.74
1 Bedroom 8.14
2 Bedrooms 36.74
3 Bedrooms 45.30
4 Bedrooms 4.24
5 or more bedrooms 3.83

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Zip Codes in Nocona, TX