Springtown, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Springtown Neighborhoods Since 2000




Springtown, 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

Springtown Housing Market Information

With 2,811 people, 1,122 houses or apartments, and a median cost of homes of $171,516, Springtown 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 Springtown, accounting for 73.98% of the city's housing units. Other types of housing that are prevalent in Springtown include duplexes, homes converted to apartments or other small apartment buildings ( 15.37%), large apartment complexes or high rise apartments ( 6.56%), and a few row houses and other attached homes ( 3.24%).

The most prevalent building size and type in Springtown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.65% owning and 41.35% renting.

There is a lot of housing in Springtown 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 Springtown built between 2000 and later ( 31.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.14%). There's also some housing in Springtown built before 1939 ( 5.33%).

Vacant housing appears to be an issue in Springtown. Fully 13.36% of the housing stock is classified as vacant. Left unchecked, vacant Springtown homes and apartments can be a drag on the real estate market, holding Springtown 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.

Springtown Home Appreciation Rates

In the last 10 years, Springtown has experienced some of the highest home appreciation rates of any community in the nation. Springtown real estate appreciated 44.61% over the last ten years, which is an average annual home appreciation rate of 3.76%, putting Springtown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Springtown 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 Springtown that despite a nationwide downturn in the housing market, Springtown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Springtown appreciation rates continue to be some of the highest in America, at 9.86%, which is higher than appreciation rates in 93.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Springtown. Springtown appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Springtown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Springtown's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$171,516

Springtown, TX HOME PRICES

Value Range
> $1,273,000 0.3
$955,001 - $1,273,000 0.0
$637,001 - $955,000 0.0
$509,001 - $637,000 0.7
$382,001 - $509,000 7.3
$255,001 - $382,000 15.3
$128,001 - $255,000 46.5
$64,001 - $128,000 17.9
$0 - $64,000 11.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
41.0992616899098 24.7081712062257

Number Of Homes And Apartments:
1,122

Springtown 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
75.97% 3.33% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,147 / per month

Homeownership Rate

Homeownership
Owners 58.65
Renters 41.35
Vacant 13.36

Housing Market Details

 

Age of Homes

AGE OF Springtown HOMES
2000 or Newer 31.1
1970 - 1999 48.4
1940 - 1969 15.1
1939 or Older 5.3

Types of Homes

TYPE OF Springtown HOMES
Single-Family 74.0
Townhomes 3.2
Small Apt. Buildings 15.4
Apt. Complexes 6.6
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Springtown HOMES
No Bedroom 1.47
1 Bedroom 7.64
2 Bedrooms 28.80
3 Bedrooms 50.73
4 Bedrooms 10.89
5 or more bedrooms 0.46

Popular Neighborhoods in Springtown

Zip Codes in Springtown, TX