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 5,884 people, 1,749 houses or apartments, and a median cost of homes of $373,862, Pilot Point real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Pilot Point, accounting for 85.58% of the city's housing units. Other types of housing that are prevalent in Pilot Point include duplexes, homes converted to apartments or other small apartment buildings ( 6.01%), mobile homes or trailers ( 5.74%), and a few large apartment complexes or high rise apartments ( 1.93%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pilot Point. Owner-occupied housing accounts for 78.99% of Pilot Point's homes, and 64.34% have either three or four bedrooms, which is average sized relative to America.
Pilot Point homes and real estate are some of the newest in America. 42.84% of Pilot Point'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 Pilot Point real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.94%), and before 1939 ( 12.49%). There's also some housing in Pilot Point built between 1940-1969 ( 10.72%).
In the last 10 years, Pilot Point has experienced some of the highest home appreciation rates of any community in the nation. Pilot Point real estate appreciated 119.87% over the last ten years, which is an average annual home appreciation rate of 8.20%, putting Pilot Point in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pilot Point 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, Pilot Point appreciation rates have trailed the rest of the nation. In the last twelve months, Pilot Point's appreciation rate has been 2.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pilot Point were at 0.39%, which equates to an annual appreciation rate of 1.58%.
Relative to Texas, our data show that Pilot Point's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$373,862
for Texas
for nation
1,749
$1,737 / per month