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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Springtown HOMES|
|2000 or Newer||31.1|
|1970 - 1999||48.4|
|1940 - 1969||15.1|
|1939 or Older||5.3|
|TYPE OF Springtown HOMES|
|Small Apt. Buildings||15.4|
|SIZE OF Springtown HOMES|
|5 or more bedrooms||0.46|