Pampa, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pampa Neighborhoods Since 2000




Pampa, 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

Pampa Housing Market Information

With a population of 18,177, 7,053 total housing units (homes and apartments), and a median house value of $106,939, house prices in Pampa are solidly below the national average.

Single-family detached homes are the single most common housing type in Pampa, accounting for 82.98% of the city's housing units. Other types of housing that are prevalent in Pampa include large apartment complexes or high rise apartments ( 5.71%), mobile homes or trailers ( 5.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pampa. Owner-occupied housing accounts for 71.72% of Pampa's homes, and 60.32% have either three or four bedrooms, which is average sized relative to America.

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. Pampa's housing was primarily built during this period, from the '40s through the '60s. A full 56.52% of the city's housing hails from this era. Other housing ages represented in Pampa include homes built between 1970-1999 ( 28.49%) and housing constructed before 1939 ( 12.83%). There's also some housing in Pampa built between 2000 and later ( 2.16%).

Vacant housing appears to be an issue in Pampa. Fully 17.27% of the housing stock is classified as vacant. Left unchecked, vacant Pampa homes and apartments can be a drag on the real estate market, holding Pampa 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.

Pampa Home Appreciation Rates

In the last 10 years, Pampa has experienced some of the highest home appreciation rates of any community in the nation. Pampa real estate appreciated 25.58% over the last ten years, which is an average annual home appreciation rate of 2.30%, putting Pampa in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pampa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Pampa appreciation rates have trailed the rest of the nation. In the last twelve months, Pampa's appreciation rate has been 0.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pampa were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Pampa's latest annual appreciation rate is lower 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 Pampa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pampa - 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 Pampa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$106,939

Pampa, TX HOME PRICES

Value Range
> $1,077,000 0.3
$807,001 - $1,077,000 0.0
$538,001 - $807,000 0.0
$430,001 - $538,000 0.0
$323,001 - $430,000 2.5
$215,001 - $323,000 6.6
$108,001 - $215,000 25.3
$54,001 - $108,000 34.5
$0 - $54,000 30.7

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
73.1278565568968 59.4357976653696

Number Of Homes And Apartments:
7,053

Pampa 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
63.59% 2.89% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$935 / per month

Homeownership Rate

Homeownership
Owners 71.72
Renters 28.28
Vacant 17.27

Housing Market Details

 

Age of Homes

AGE OF Pampa HOMES
2000 or Newer 2.2
1970 - 1999 28.5
1940 - 1969 56.5
1939 or Older 12.8

Types of Homes

TYPE OF Pampa HOMES
Single-Family 83.0
Townhomes 1.2
Small Apt. Buildings 4.8
Apt. Complexes 5.7
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Pampa HOMES
No Bedroom 2.94
1 Bedroom 8.80
2 Bedrooms 26.83
3 Bedrooms 47.82
4 Bedrooms 12.49
5 or more bedrooms 1.11