Spring Branch, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Spring Branch, 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

Spring Branch Housing Market Information

With a population of 9,285, 1,707 total housing units (homes and apartments), and a median house value of $172,758, Spring Branch real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Spring Branch, accounting for 70.75% of the town's housing units. Other types of housing that are prevalent in Spring Branch include mobile homes or trailers ( 28.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring Branch. Owner-occupied housing accounts for 85.00% of Spring Branch's homes, and 69.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Spring Branch 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 Spring Branch built between 2000 and later ( 41.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.67%).

Vacant housing appears to be an issue in Spring Branch. Fully 19.11% of the housing stock is classified as vacant. Left unchecked, vacant Spring Branch homes and apartments can be a drag on the real estate market, holding Spring Branch 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.

Spring Branch Home Appreciation Rates

In the last 10 years, Spring Branch has experienced some of the highest home appreciation rates of any community in the nation. Spring Branch real estate appreciated 29.85% over the last ten years, which is an average annual home appreciation rate of 2.65%, putting Spring Branch in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spring Branch 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 Spring Branch that despite a nationwide downturn in the housing market, Spring Branch real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Spring Branch appreciation rates continue to be some of the highest in America, at 7.55%, which is higher than appreciation rates in 84.36% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Spring Branch. Spring Branch 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 Spring Branch's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$172,758

Spring Branch, TX HOME PRICES

Value Range
> $1,241,000 2.8
$931,001 - $1,241,000 0.5
$620,001 - $931,000 4.0
$496,001 - $620,000 2.9
$373,001 - $496,000 13.9
$248,001 - $373,000 16.4
$124,001 - $248,000 32.8
$62,001 - $124,000 17.3
$0 - $62,000 9.5

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
40.6480721903199 24.3190661478599

Number Of Homes And Apartments:
1,707

Spring Branch 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
70.34% 3.14% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,530 / per month

Homeownership Rate

Homeownership
Owners 85.00
Renters 15.00
Vacant 19.11

Housing Market Details

 

Age of Homes

AGE OF Spring Branch HOMES
2000 or Newer 41.4
1970 - 1999 51.0
1940 - 1969 6.7
1939 or Older 0.9

Types of Homes

TYPE OF Spring Branch HOMES
Single-Family 70.8
Townhomes 0.3
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 28.8
Other 0.2

Home Size

SIZE OF Spring Branch HOMES
No Bedroom 0.19
1 Bedroom 4.73
2 Bedrooms 20.74
3 Bedrooms 53.78
4 Bedrooms 16.07
5 or more bedrooms 4.49

Popular Neighborhoods in Spring Branch

Zip Codes in Spring Branch, TX