Quitman, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Quitman Neighborhoods Since 2000




Quitman, 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

Quitman Housing Market Information

With a population of 1,827, 782 total housing units (homes and apartments), and a median house value of $114,178, house prices in Quitman are solidly below the national average.

Single-family detached homes are the single most common housing type in Quitman, accounting for 80.04% of the city's housing units. Other types of housing that are prevalent in Quitman include large apartment complexes or high rise apartments ( 10.25%), duplexes, homes converted to apartments or other small apartment buildings ( 8.43%).

The most prevalent building size and type in Quitman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.26% owning and 40.74% 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. Quitman's housing was primarily built during this period, from the '40s through the '60s. A full 48.56% of the city's housing hails from this era. Other housing ages represented in Quitman include homes built between 1970-1999 ( 43.44%) and housing constructed between 2000 and later ( 6.19%). There's also some housing in Quitman built before 1939 ( 1.81%).

Vacant housing appears to be an issue in Quitman. Fully 16.54% of the housing stock is classified as vacant. Left unchecked, vacant Quitman homes and apartments can be a drag on the real estate market, holding Quitman 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.

Quitman Home Appreciation Rates

In the last 10 years, Quitman has experienced some of the highest home appreciation rates of any community in the nation. Quitman real estate appreciated 28.10% over the last ten years, which is an average annual home appreciation rate of 2.51%, putting Quitman in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Quitman definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Quitman's appreciation rate, at 5.11%, has been at or slightly above the national average. In the latest quarter, Quitman's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$114,178

Quitman, TX HOME PRICES

Value Range
> $1,130,000 0.0
$848,001 - $1,130,000 0.0
$565,001 - $848,000 0.0
$452,001 - $565,000 0.0
$339,001 - $452,000 0.6
$226,001 - $339,000 12.1
$113,001 - $226,000 36.9
$57,001 - $113,000 44.0
$0 - $57,000 6.3

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
68.8093284893941 52.9182879377432

Number Of Homes And Apartments:
782

Quitman 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
70.77% 3.15% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,110 / per month

Homeownership Rate

Homeownership
Owners 59.26
Renters 40.74
Vacant 16.54

Housing Market Details

 

Age of Homes

AGE OF Quitman HOMES
2000 or Newer 6.2
1970 - 1999 43.4
1940 - 1969 48.6
1939 or Older 1.8

Types of Homes

TYPE OF Quitman HOMES
Single-Family 80.0
Townhomes 1.0
Small Apt. Buildings 8.4
Apt. Complexes 10.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Quitman HOMES
No Bedroom 3.20
1 Bedroom 9.18
2 Bedrooms 26.36
3 Bedrooms 49.95
4 Bedrooms 9.93
5 or more bedrooms 1.39

Popular Neighborhoods in Quitman

Popular Communities Near Quitman, TX

Zip Codes in Quitman, TX