Snyder, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Snyder, 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

Snyder Housing Market Information

With 11,768 people, 4,073 houses or apartments, and a median cost of homes of $82,575, house prices in Snyder 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 Snyder, accounting for 82.66% of the city's housing units. Other types of housing that are prevalent in Snyder include duplexes, homes converted to apartments or other small apartment buildings ( 8.56%), mobile homes or trailers ( 5.96%), and a few large apartment complexes or high rise apartments ( 1.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Snyder. Owner-occupied housing accounts for 69.89% of Snyder's homes, and 58.00% have either three or four bedrooms, which is average sized relative to America.

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. Snyder's housing was primarily built during this period, from the '40s through the '60s. A full 62.19% of the city's housing hails from this era. Other housing ages represented in Snyder include homes built between 1970-1999 ( 27.48%) and housing constructed before 1939 ( 5.86%). There's also some housing in Snyder built between 2000 and later ( 4.47%).

Vacant housing appears to be an issue in Snyder. Fully 17.95% of the housing stock is classified as vacant. Left unchecked, vacant Snyder homes and apartments can be a drag on the real estate market, holding Snyder 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.

Snyder Home Appreciation Rates

In the last 10 years, Snyder has experienced some of the highest home appreciation rates of any community in the nation. Snyder real estate appreciated 27.07% over the last ten years, which is an average annual home appreciation rate of 2.42%, putting Snyder in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Snyder 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, Snyder appreciation rates have trailed the rest of the nation. In the last twelve months, Snyder's appreciation rate has been -0.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Snyder were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$82,575

Snyder, TX HOME PRICES

Value Range
> $1,074,000 0.2
$806,001 - $1,074,000 0.0
$537,001 - $806,000 0.1
$429,001 - $537,000 1.0
$322,001 - $429,000 1.4
$215,001 - $322,000 9.1
$108,001 - $215,000 29.0
$54,001 - $108,000 33.2
$0 - $54,000 26.0

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
88.8433141919606 80.7392996108949

Number Of Homes And Apartments:
4,073

Snyder 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
93.16% 3.89% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 69.89
Renters 30.11
Vacant 17.95

Housing Market Details

 

Age of Homes

AGE OF Snyder HOMES
2000 or Newer 4.5
1970 - 1999 27.5
1940 - 1969 62.2
1939 or Older 5.9

Types of Homes

TYPE OF Snyder HOMES
Single-Family 82.7
Townhomes 1.1
Small Apt. Buildings 8.6
Apt. Complexes 1.7
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Snyder HOMES
No Bedroom 2.20
1 Bedroom 9.95
2 Bedrooms 29.49
3 Bedrooms 47.88
4 Bedrooms 10.11
5 or more bedrooms 0.36

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Zip Codes in Snyder, TX