With 16,098 people, 5,769 houses or apartments, and a median cost of homes of $104,681, 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 75.18% of the city's housing units. Other types of housing that are prevalent in Sulphur Springs include large apartment complexes or high rise apartments ( 17.04%), duplexes, homes converted to apartments or other small apartment buildings ( 4.18%), and a few mobile homes or trailers ( 2.14%).
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 54.74% owning and 45.26% 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 ( 30.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.56%). There's also some housing in Sulphur Springs built before 1939 ( 7.59%).
Vacant housing appears to be an issue in Sulphur Springs. Fully 11.34% 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.
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 12.64%, which ranks in the top 30% nationwide. This equates to an annual average Sulphur Springs house appreciation rate of 1.20%.
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 7.33%, which is higher than appreciation rates in 87.31% 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 2.87%, which equates to an annual appreciation rate of 11.99%.
Importantly, this makes Sulphur Springs 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 Sulphur Springs's latest annual appreciation rate is higher than 60% 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.
|$865,001 - $1,154,000||0.1|
|$577,001 - $865,000||0.7|
|$461,001 - $577,000||0.1|
|$346,001 - $461,000||1.4|
|$231,001 - $346,000||2.6|
|$115,001 - $231,000||32.8|
|$58,001 - $115,000||41.8|
|$0 - $58,000||20.3|
|Value Relative to Nation||Value Relative to State|
|AGE OF Sulphur Springs HOMES|
|2000 or Newer||9.6|
|1970 - 1999||51.9|
|1940 - 1969||31.0|
|1939 or Older||7.6|
|TYPE OF Sulphur Springs HOMES|
|Small Apt. Buildings||4.2|
|SIZE OF Sulphur Springs HOMES|
|5 or more bedrooms||0.14|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
2000 Q1 - 2016 Q3
|* 10 is highest|