Shallowater, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Shallowater, 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

Shallowater Housing Market Information

With a population of 2,555, 858 total housing units (homes and apartments), and a median house value of $118,444, house prices in Shallowater are solidly below the national average.

Single-family detached homes are the single most common housing type in Shallowater, accounting for 82.94% of the city's housing units. Other types of housing that are prevalent in Shallowater include mobile homes or trailers ( 12.04%), duplexes, homes converted to apartments or other small apartment buildings ( 3.12%), and a few row houses and other attached homes ( 1.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Shallowater. Owner-occupied housing accounts for 72.84% of Shallowater's homes, and 74.58% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Shallowater 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 Shallowater built between 1940-1969 ( 27.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.95%). There's also some housing in Shallowater built before 1939 ( 4.79%).

Shallowater Home Appreciation Rates

In the last 10 years, Shallowater has experienced some of the highest home appreciation rates of any community in the nation. Shallowater real estate appreciated 20.06% over the last ten years, which is an average annual home appreciation rate of 1.85%, putting Shallowater in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Shallowater 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, Shallowater appreciation rates have trailed the rest of the nation. In the last twelve months, Shallowater's appreciation rate has been -1.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Shallowater were at -0.68%, which equates to an annual appreciation rate of -2.69%.

Notably, Shallowater's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$118,444

Shallowater, TX HOME PRICES

Value Range
> $1,074,000 0.0
$806,001 - $1,074,000 0.0
$537,001 - $806,000 1.0
$430,001 - $537,000 1.4
$322,001 - $430,000 4.4
$215,001 - $322,000 11.3
$107,001 - $215,000 30.3
$54,001 - $107,000 29.4
$0 - $54,000 22.4

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
66.4186101019571 50.4863813229572

Number Of Homes And Apartments:
858

Shallowater 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
58.43% 2.70% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$853 / per month

Homeownership Rate

Homeownership
Owners 72.84
Renters 27.16
Vacant 4.35

Housing Market Details

 

Age of Homes

AGE OF Shallowater HOMES
2000 or Newer 17.9
1970 - 1999 50.1
1940 - 1969 27.2
1939 or Older 4.8

Types of Homes

TYPE OF Shallowater HOMES
Single-Family 82.9
Townhomes 1.4
Small Apt. Buildings 3.1
Apt. Complexes 0.4
Mobile Homes 12.0
Other 0.0

Home Size

SIZE OF Shallowater HOMES
No Bedroom 0.00
1 Bedroom 1.45
2 Bedrooms 22.19
3 Bedrooms 61.20
4 Bedrooms 13.38
5 or more bedrooms 1.78

Popular Neighborhoods in Shallowater

Zip Codes in Shallowater, TX