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Pilot Point, TX Real Estate Market

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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pilot Point, TX Housing Market Trends

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%).

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 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.

Average Home Values

 

Median Home Value:
$336,919

Pilot Point, TX HOME PRICES

> $1,588,000
$1,192,001 - $1,588,000
$794,001 - $1,192,000
$635,001 - $794,000
$476,001 - $635,000
$317,001 - $476,000
$159,001 - $317,000
$79,001 - $159,000
$0 - $79,000
0.2%
0.2%
3.5%
3.5%
4.4%
4.4%
5.5%
5.5%
7.6%
7.6%
30.0%
30.0%
24.5%
24.5%
22.2%
22.2%
2.2%
2.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
1,591

Pilot Point Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
180.19% 4.63%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,891 / per month

Homeownership Rate

Owners
Renters
Vacant
54.2%
54.2%
45.8%
45.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.8%
23.8%
45.1%
45.1%
24.1%
24.1%
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.5%
87.5%
0.0%
0.0%
0.0%
0.0%
7.3%
7.3%
5.2%
5.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
6.9%
6.9%
36.6%
36.6%
46.6%
46.6%
6.7%
6.7%
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Pilot Point

Zip Codes in Pilot Point, TX