Splendora, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Splendora, 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

Splendora Housing Market Information

With a population of 1,684, 547 total housing units (homes and apartments), and a median house value of $120,356, house prices in Splendora are solidly below the national average.

Mobile homes or trailers are the single most common housing type in Splendora, accounting for 53.68% of the city's housing units. Other types of housing that are prevalent in Splendora include single-family detached homes ( 44.96%).

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Splendora. Owner-occupied housing accounts for 75.50% of Splendora's homes, and 69.92% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Splendora 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 Splendora built between 2000 and later ( 12.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.63%). There's also some housing in Splendora built before 1939 ( 3.76%).

Vacant housing appears to be an issue in Splendora. Fully 17.74% of the housing stock is classified as vacant. Left unchecked, vacant Splendora homes and apartments can be a drag on the real estate market, holding Splendora 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.

Splendora Home Appreciation Rates

In the last 10 years, Splendora has experienced some of the highest home appreciation rates of any community in the nation. Splendora real estate appreciated 39.06% over the last ten years, which is an average annual home appreciation rate of 3.35%, putting Splendora in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Splendora 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, Splendora's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Splendora's appreciation rate has been -0.09%, which annualizes to a rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$120,356

Splendora, TX HOME PRICES

Value Range
> $1,203,000 0.1
$902,001 - $1,203,000 0.0
$602,001 - $902,000 0.8
$482,001 - $602,000 0.4
$361,001 - $482,000 2.2
$241,001 - $361,000 11.7
$120,001 - $241,000 33.0
$60,001 - $120,000 24.3
$0 - $60,000 27.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
65.1880932848939 49.124513618677

Number Of Homes And Apartments:
547

Splendora 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
82.16% 3.54% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Homeownership
Owners 75.50
Renters 24.50
Vacant 17.74

Housing Market Details

 

Age of Homes

AGE OF Splendora HOMES
2000 or Newer 12.9
1970 - 1999 70.7
1940 - 1969 12.6
1939 or Older 3.8

Types of Homes

TYPE OF Splendora HOMES
Single-Family 45.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 53.7
Other 1.4

Home Size

SIZE OF Splendora HOMES
No Bedroom 0.00
1 Bedroom 6.17
2 Bedrooms 23.31
3 Bedrooms 64.81
4 Bedrooms 5.11
5 or more bedrooms 0.60

Popular Neighborhoods in Splendora

Zip Codes in Splendora, TX