Poteet, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Poteet Neighborhoods Since 2000




Poteet, 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

Poteet Housing Market Information

With a population of 3,419, 1,048 total housing units (homes and apartments), and a median house value of $90,141, house prices in Poteet are solidly below the national average.

Single-family detached homes are the single most common housing type in Poteet, accounting for 64.79% of the city's housing units. Other types of housing that are prevalent in Poteet include mobile homes or trailers ( 18.09%), duplexes, homes converted to apartments or other small apartment buildings ( 15.32%), and a few row houses and other attached homes ( 1.39%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Poteet. Owner-occupied housing accounts for 66.63% of Poteet's homes, and 49.06% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Poteet 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 Poteet built between 1940-1969 ( 35.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.59%). There's also some housing in Poteet built before 1939 ( 4.24%).

Vacant housing appears to be an issue in Poteet. Fully 14.59% of the housing stock is classified as vacant. Left unchecked, vacant Poteet homes and apartments can be a drag on the real estate market, holding Poteet 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.

Poteet Home Appreciation Rates

In the last 10 years, Poteet has experienced some of the highest home appreciation rates of any community in the nation. Poteet real estate appreciated 56.58% over the last ten years, which is an average annual home appreciation rate of 4.59%, putting Poteet in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Poteet 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 Poteet that despite a nationwide downturn in the housing market, Poteet real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Poteet appreciation rates continue to be some of the highest in America, at 6.38%, which is higher than appreciation rates in 77.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Poteet. Poteet appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.83%.

Relative to Texas, our data show that Poteet's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$90,141

Poteet, TX HOME PRICES

Value Range
> $1,239,000 0.0
$929,001 - $1,239,000 0.0
$619,001 - $929,000 0.0
$495,001 - $619,000 0.0
$371,001 - $495,000 0.8
$248,001 - $371,000 3.2
$123,001 - $248,000 23.8
$62,001 - $123,000 35.0
$0 - $62,000 37.3

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
83.8245634595101 73.0544747081712

Number Of Homes And Apartments:
1,048

Poteet 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
110.76% 4.42% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 66.63
Renters 33.37
Vacant 14.59

Housing Market Details

 

Age of Homes

AGE OF Poteet HOMES
2000 or Newer 10.6
1970 - 1999 49.3
1940 - 1969 35.9
1939 or Older 4.2

Types of Homes

TYPE OF Poteet HOMES
Single-Family 64.8
Townhomes 1.4
Small Apt. Buildings 15.3
Apt. Complexes 0.4
Mobile Homes 18.1
Other 0.0

Home Size

SIZE OF Poteet HOMES
No Bedroom 1.22
1 Bedroom 11.41
2 Bedrooms 35.78
3 Bedrooms 40.75
4 Bedrooms 8.31
5 or more bedrooms 2.53

Popular Neighborhoods in Poteet

Zip Codes in Poteet, TX