Pipe Creek, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pipe Creek, 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

Pipe Creek Housing Market Information

With a population of 8,842, 1,935 total housing units (homes and apartments), and a median house value of $149,565, Pipe Creek real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pipe Creek, accounting for 61.77% of the town's housing units. Other types of housing that are prevalent in Pipe Creek include mobile homes or trailers ( 36.34%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pipe Creek. Owner-occupied housing accounts for 85.04% of Pipe Creek's homes, and 59.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pipe Creek 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 Pipe Creek built between 2000 and later ( 24.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.77%). There's also some housing in Pipe Creek built before 1939 ( 2.44%).

Vacant housing appears to be an issue in Pipe Creek. Fully 27.18% of the housing stock is classified as vacant. Left unchecked, vacant Pipe Creek homes and apartments can be a drag on the real estate market, holding Pipe Creek 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.

Pipe Creek Home Appreciation Rates

Appreciation rates for homes in Pipe Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.04%, which ranks in the top 40% nationwide. This equates to an annual average Pipe Creek house appreciation rate of 0.78%.

Over the last year, Pipe Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Pipe Creek's appreciation rate has been -2.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pipe Creek were at 0.94%, which equates to an annual appreciation rate of 3.83%.

Relative to Texas, our data show that Pipe Creek's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$149,565

Pipe Creek, TX HOME PRICES

Value Range
> $1,060,000 1.2
$795,001 - $1,060,000 0.3
$530,001 - $795,000 0.9
$424,001 - $530,000 4.7
$318,001 - $424,000 8.3
$212,001 - $318,000 14.4
$106,001 - $212,000 36.9
$53,001 - $106,000 20.5
$0 - $53,000 12.8

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
50.2226649478495 33.7548638132296

Number Of Homes And Apartments:
1,935

Pipe Creek 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
60.84% 2.79% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$971 / per month

Homeownership Rate

Homeownership
Owners 85.04
Renters 14.96
Vacant 27.18

Housing Market Details

 

Age of Homes

AGE OF Pipe Creek HOMES
2000 or Newer 24.2
1970 - 1999 60.6
1940 - 1969 12.8
1939 or Older 2.4

Types of Homes

TYPE OF Pipe Creek HOMES
Single-Family 61.8
Townhomes 0.7
Small Apt. Buildings 0.0
Apt. Complexes 0.2
Mobile Homes 36.3
Other 1.1

Home Size

SIZE OF Pipe Creek HOMES
No Bedroom 3.22
1 Bedroom 6.36
2 Bedrooms 29.25
3 Bedrooms 43.16
4 Bedrooms 16.61
5 or more bedrooms 1.40

Popular Neighborhoods in Pipe Creek

Zip Codes in Pipe Creek, TX