Sulphur Springs, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sulphur Springs, 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

Sulphur Springs Housing Market Information

With 16,098 people, 5,920 houses or apartments, and a median cost of homes of $114,380, house prices in Sulphur Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Sulphur Springs, accounting for 73.53% of the city's housing units. Other types of housing that are prevalent in Sulphur Springs include large apartment complexes or high rise apartments ( 15.98%), duplexes, homes converted to apartments or other small apartment buildings ( 6.66%), and a few mobile homes or trailers ( 2.24%).

The most prevalent building size and type in Sulphur Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.95% owning and 47.05% renting.

There is a lot of housing in Sulphur Springs 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 Sulphur Springs built between 1940-1969 ( 30.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.30%). There's also some housing in Sulphur Springs built before 1939 ( 8.55%).

Vacant housing appears to be an issue in Sulphur Springs. Fully 10.56% of the housing stock is classified as vacant. Left unchecked, vacant Sulphur Springs homes and apartments can be a drag on the real estate market, holding Sulphur Springs 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.

Sulphur Springs Home Appreciation Rates

Appreciation rates for homes in Sulphur Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.49%, which ranks in the top 30% nationwide. This equates to an annual average Sulphur Springs house appreciation rate of 1.36%.

Appreciation rates are so strong in Sulphur Springs that despite a nationwide downturn in the housing market, Sulphur Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sulphur Springs appreciation rates continue to be some of the highest in America, at 5.97%, which is higher than appreciation rates in 73.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sulphur Springs. Sulphur Springs appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Sulphur Springs's latest annual appreciation rate is higher than 50% 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 city. Individual neighborhoods within Sulphur Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sulphur Springs - 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 Sulphur Springs real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$114,380

Sulphur Springs, TX HOME PRICES

Value Range
> $1,141,000 0.0
$856,001 - $1,141,000 0.1
$570,001 - $856,000 0.1
$456,001 - $570,000 0.2
$342,001 - $456,000 1.2
$228,001 - $342,000 2.8
$114,001 - $228,000 32.1
$57,001 - $114,000 42.5
$0 - $57,000 20.9

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
68.6921364115786 52.7237354085603

Number Of Homes And Apartments:
5,920

Sulphur Springs 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
42.12% 2.06% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$931 / per month

Homeownership Rate

Homeownership
Owners 52.95
Renters 47.05
Vacant 10.56

Housing Market Details

 

Age of Homes

AGE OF Sulphur Springs HOMES
2000 or Newer 10.3
1970 - 1999 51.1
1940 - 1969 30.0
1939 or Older 8.6

Types of Homes

TYPE OF Sulphur Springs HOMES
Single-Family 73.5
Townhomes 1.6
Small Apt. Buildings 6.7
Apt. Complexes 16.0
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Sulphur Springs HOMES
No Bedroom 0.79
1 Bedroom 12.27
2 Bedrooms 28.25
3 Bedrooms 50.25
4 Bedrooms 8.34
5 or more bedrooms 0.11

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Zip Codes in Sulphur Springs, TX