Plainview, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Plainview Neighborhoods Since 2000




Plainview, 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

Plainview Housing Market Information

With a population of 20,919, 7,351 total housing units (homes and apartments), and a median house value of $82,690, house prices in Plainview are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Plainview, accounting for 78.80% of the city's housing units. Other types of housing that are prevalent in Plainview include duplexes, homes converted to apartments or other small apartment buildings ( 8.53%), large apartment complexes or high rise apartments ( 6.57%), and a few mobile homes or trailers ( 4.62%).

The most prevalent building size and type in Plainview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.79% owning and 45.21% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Plainview's housing was primarily built during this period, from the '40s through the '60s. A full 58.72% of the city's housing hails from this era. Other housing ages represented in Plainview include homes built between 1970-1999 ( 26.91%) and housing constructed before 1939 ( 11.83%). There's also some housing in Plainview built between 2000 and later ( 2.54%).

Vacant housing appears to be an issue in Plainview. Fully 13.23% of the housing stock is classified as vacant. Left unchecked, vacant Plainview homes and apartments can be a drag on the real estate market, holding Plainview 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.

Plainview Home Appreciation Rates

In the last 10 years, Plainview has experienced some of the highest home appreciation rates of any community in the nation. Plainview real estate appreciated 17.01% over the last ten years, which is an average annual home appreciation rate of 1.58%, putting Plainview in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Plainview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Plainview appreciation rates have trailed the rest of the nation. In the last twelve months, Plainview's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plainview were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Plainview's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Plainview differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plainview - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Plainview real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$82,690

Plainview, TX HOME PRICES

Value Range
> $1,071,000 0.4
$803,001 - $1,071,000 0.0
$535,001 - $803,000 1.1
$428,001 - $535,000 0.7
$321,001 - $428,000 1.6
$214,001 - $321,000 2.9
$107,001 - $214,000 20.3
$54,001 - $107,000 41.3
$0 - $54,000 31.7

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
88.7671393413805 80.6420233463035

Number Of Homes And Apartments:
7,351

Plainview 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
46.49% 2.24% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$821 / per month

Homeownership Rate

Homeownership
Owners 54.79
Renters 45.21
Vacant 13.23

Housing Market Details

 

Age of Homes

AGE OF Plainview HOMES
2000 or Newer 2.5
1970 - 1999 26.9
1940 - 1969 58.7
1939 or Older 11.8

Types of Homes

TYPE OF Plainview HOMES
Single-Family 78.8
Townhomes 1.5
Small Apt. Buildings 8.5
Apt. Complexes 6.6
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Plainview HOMES
No Bedroom 2.97
1 Bedroom 9.64
2 Bedrooms 30.31
3 Bedrooms 48.73
4 Bedrooms 6.01
5 or more bedrooms 2.34

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Zip Codes in Plainview, TX