Sweetwater, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sweetwater Neighborhoods Since 2000




Sweetwater, 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

Sweetwater Housing Market Information

With a population of 10,809, 3,997 total housing units (homes and apartments), and a median house value of $45,674, house prices in Sweetwater are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Sweetwater, accounting for 75.24% of the city's housing units. Other types of housing that are prevalent in Sweetwater include large apartment complexes or high rise apartments ( 12.25%), duplexes, homes converted to apartments or other small apartment buildings ( 7.37%), and a few mobile homes or trailers ( 4.10%).

People in Sweetwater primarily live in small (one, two or no bedroom) single-family detached homes. Sweetwater has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sweetwater's housing was primarily built during this period, from the '40s through the '60s. A full 52.63% of the city's housing hails from this era. Other housing ages represented in Sweetwater include homes built between 1970-1999 ( 32.64%) and housing constructed before 1939 ( 12.66%). There's also some housing in Sweetwater built between 2000 and later ( 2.07%).

Vacant housing appears to be an issue in Sweetwater. Fully 21.27% of the housing stock is classified as vacant. Left unchecked, vacant Sweetwater homes and apartments can be a drag on the real estate market, holding Sweetwater 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.

Sweetwater Home Appreciation Rates

In the last 10 years, Sweetwater has experienced some of the highest home appreciation rates of any community in the nation. Sweetwater real estate appreciated 48.60% over the last ten years, which is an average annual home appreciation rate of 4.04%, putting Sweetwater in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sweetwater definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sweetwater's appreciation rate, at 4.33%, has been at or slightly above the national average. In the latest quarter, Sweetwater's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Sweetwater's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$45,674

Sweetwater, TX HOME PRICES

Value Range
> $1,183,000 0.3
$887,001 - $1,183,000 0.2
$591,001 - $887,000 0.1
$473,001 - $591,000 2.3
$355,001 - $473,000 1.6
$236,001 - $355,000 3.9
$118,001 - $236,000 11.5
$59,001 - $118,000 27.4
$0 - $59,000 52.7

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
99.6367045587718 98.9299610894942

Number Of Homes And Apartments:
3,997

Sweetwater 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
78.68% 3.42% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$748 / per month

Homeownership Rate

Homeownership
Owners 60.11
Renters 39.89
Vacant 21.27

Housing Market Details

 

Age of Homes

AGE OF Sweetwater HOMES
2000 or Newer 2.1
1970 - 1999 32.6
1940 - 1969 52.6
1939 or Older 12.7

Types of Homes

TYPE OF Sweetwater HOMES
Single-Family 75.2
Townhomes 0.8
Small Apt. Buildings 7.4
Apt. Complexes 12.3
Mobile Homes 4.1
Other 0.3

Home Size

SIZE OF Sweetwater HOMES
No Bedroom 2.93
1 Bedroom 11.78
2 Bedrooms 34.43
3 Bedrooms 42.23
4 Bedrooms 6.30
5 or more bedrooms 2.32

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Zip Codes in Sweetwater, TX