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 4,651 people, 1,591 houses or apartments, and a median cost of homes of $336,919, 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 87.49% of the city's housing units. Other types of housing that are prevalent in Pilot Point include large apartment complexes or high rise apartments ( 7.29%), mobile homes or trailers ( 5.22%).
The most prevalent building size and type in Pilot Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.20% owning and 45.80% renting.
There is a lot of housing in Pilot Point 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 Pilot Point built between 1940-1969 ( 24.14%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.82%). There's also some housing in Pilot Point built before 1939 ( 6.98%).
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 128.64% over the last ten years, which is an average annual home appreciation rate of 8.62%, 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.
Appreciation rates are so strong in Pilot Point that despite a nationwide downturn in the housing market, Pilot Point real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pilot Point appreciation rates continue to be some of the highest in America, at 23.01%, which is higher than appreciation rates in 95.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pilot Point. Pilot Point appreciation rates in the latest quarter were at 6.53%, which equates to an annual appreciation rate of 28.78%.
Importantly, this makes Pilot Point 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 Pilot Point's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
High for Nation
Very High for TX