Pilot Point, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pilot Point, 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

Pilot Point Housing Market Information

With 4,093 people, 1,510 houses or apartments, and a median cost of homes of $193,051, 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 86.92% 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 ( 5.40%), large apartment complexes or high rise apartments ( 3.87%), and a few mobile homes or trailers ( 3.81%).

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 68.27% of Pilot Point's homes, and 61.63% have either three or four bedrooms, which is average sized relative to America.

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 ( 28.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.87%). There's also some housing in Pilot Point built before 1939 ( 12.46%).

Pilot Point Home Appreciation Rates

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 33.96% over the last ten years, which is an average annual home appreciation rate of 2.97%, putting Pilot Point in the top 10% 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 8.72%, which is higher than appreciation rates in 89.77% 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 2.35%, which equates to an annual appreciation rate of 9.74%.

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 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$193,051

Pilot Point, TX HOME PRICES

Value Range
> $1,288,000 2.0
$966,001 - $1,288,000 0.4
$644,001 - $966,000 1.8
$515,001 - $644,000 4.1
$386,001 - $515,000 5.9
$257,001 - $386,000 16.0
$129,001 - $257,000 47.7
$64,001 - $129,000 16.0
$0 - $64,000 6.1

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
34.0003515762334 19.0175097276265

Number Of Homes And Apartments:
1,510

Pilot Point 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
54.88% 2.57% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,359 / per month

Homeownership Rate

Homeownership
Owners 68.27
Renters 31.73
Vacant 7.31

Housing Market Details

 

Age of Homes

AGE OF Pilot Point HOMES
2000 or Newer 13.9
1970 - 1999 45.4
1940 - 1969 28.3
1939 or Older 12.5

Types of Homes

TYPE OF Pilot Point HOMES
Single-Family 86.9
Townhomes 0.0
Small Apt. Buildings 5.4
Apt. Complexes 3.9
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Pilot Point HOMES
No Bedroom 1.23
1 Bedroom 2.52
2 Bedrooms 33.70
3 Bedrooms 54.51
4 Bedrooms 7.12
5 or more bedrooms 0.92

Popular Neighborhoods in Pilot Point

Zip Codes in Pilot Point, TX