Pittsburg, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pittsburg, TX Real Estate Data


Pittsburg Housing Market Information

With 4,602 people, 1,594 houses or apartments, and a median cost of homes of $96,858, house prices in Pittsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Pittsburg, accounting for 67.61% of the city's housing units. Other types of housing that are prevalent in Pittsburg include mobile homes or trailers ( 15.38%), duplexes, homes converted to apartments or other small apartment buildings ( 11.78%), and a few row houses and other attached homes ( 3.00%).

The most prevalent building size and type in Pittsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.47% owning and 50.53% renting.

There is a lot of housing in Pittsburg 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 Pittsburg built between 1940-1969 ( 31.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.14%). There's also some housing in Pittsburg built before 1939 ( 5.51%).

Vacant housing appears to be an issue in Pittsburg. Fully 13.09% of the housing stock is classified as vacant. Left unchecked, vacant Pittsburg homes and apartments can be a drag on the real estate market, holding Pittsburg 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.

Pittsburg Home Appreciation Rates

Appreciation rates for homes in Pittsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.26%, which ranks in the top 40% nationwide. This equates to an annual average Pittsburg house appreciation rate of 1.07%.

Appreciation rates are so strong in Pittsburg that despite a nationwide downturn in the housing market, Pittsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pittsburg appreciation rates continue to be some of the highest in America, at 6.53%, which is higher than appreciation rates in 80.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pittsburg. Pittsburg appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Pittsburg 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 Pittsburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$96,858

Pittsburg, TX HOME PRICES

Value Range
> $1,159,000 0.0
$869,001 - $1,159,000 1.0
$579,001 - $869,000 0.0
$464,001 - $579,000 0.0
$348,001 - $464,000 1.4
$232,001 - $348,000 3.8
$116,001 - $232,000 33.4
$58,001 - $116,000 33.0
$0 - $58,000 27.4

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
80.8280142882239 69.4174757281553

Number Of Homes And Apartments:
1,594

Rent & Ownership

 

Average Market Rent:
$747 / per month

Homeownership Rate

Homeownership
Owners 49.47
Renters 50.53
Vacant 13.09

Housing Market Details

 

Age of Homes

AGE OF Pittsburg HOMES
2000 or Newer 10.1
1970 - 1999 52.5
1940 - 1969 31.8
1939 or Older 5.5

Types of Homes

TYPE OF Pittsburg HOMES
Single-Family 67.6
Townhomes 3.0
Small Apt. Buildings 11.8
Apt. Complexes 2.2
Mobile Homes 15.4
Other 0.0

Home Size

SIZE OF Pittsburg HOMES
No Bedroom 2.24
1 Bedroom 6.87
2 Bedrooms 33.97
3 Bedrooms 49.02
4 Bedrooms 7.52
5 or more bedrooms 0.38

Pittsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
64.14% 2.96% 5 8
* 10 is highest

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Zip Codes in Pittsburg, TX