Spring, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Spring Neighborhoods Since 2000




Spring, 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 Housing Market Information

With 60,827 people, 18,653 houses or apartments, and a median cost of homes of $134,430, house prices in Spring are solidly below the national average.

Single-family detached homes are the single most common housing type in Spring, accounting for 90.39% of the town's housing units. Other types of housing that are prevalent in Spring include large apartment complexes or high rise apartments ( 3.56%), duplexes, homes converted to apartments or other small apartment buildings ( 2.53%), and a few row houses and other attached homes ( 2.20%).

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. Owner-occupied housing accounts for 73.29% of Spring's homes, and 82.38% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Spring 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 built between 2000 and later ( 31.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.84%).

Spring Home Appreciation Rates

In the last 10 years, Spring has experienced some of the highest home appreciation rates of any community in the nation. Spring real estate appreciated 16.01% over the last ten years, which is an average annual home appreciation rate of 1.50%, putting Spring in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spring 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, Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Spring's appreciation rate has been -3.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Spring differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Spring - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Spring real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$134,430

Spring, TX HOME PRICES

Value Range
> $1,227,000 0.2
$920,001 - $1,227,000 0.0
$613,001 - $920,000 0.2
$490,001 - $613,000 0.2
$368,001 - $490,000 1.6
$245,001 - $368,000 6.3
$122,001 - $245,000 50.4
$61,001 - $122,000 38.2
$0 - $61,000 2.9

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
57.4182585257237 40.1750972762646

Number Of Homes And Apartments:
18,653

Spring 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
48.09% 2.30% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,531 / per month

Homeownership Rate

Homeownership
Owners 73.29
Renters 26.71
Vacant 6.78

Housing Market Details

 

Age of Homes

AGE OF Spring HOMES
2000 or Newer 31.4
1970 - 1999 64.6
1940 - 1969 3.8
1939 or Older 0.1

Types of Homes

TYPE OF Spring HOMES
Single-Family 90.4
Townhomes 2.2
Small Apt. Buildings 2.5
Apt. Complexes 3.6
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Spring HOMES
No Bedroom 0.40
1 Bedroom 2.26
2 Bedrooms 9.26
3 Bedrooms 54.33
4 Bedrooms 28.05
5 or more bedrooms 5.70