Teague, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Teague Neighborhoods Since 2000




Teague, 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

Teague Housing Market Information

With 3,572 people, 1,438 houses or apartments, and a median cost of homes of $80,774, house prices in Teague 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 Teague, accounting for 69.83% of the city's housing units. Other types of housing that are prevalent in Teague include mobile homes or trailers ( 23.82%), large apartment complexes or high rise apartments ( 3.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.45%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Teague. Owner-occupied housing accounts for 73.60% of Teague's homes, and 54.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Teague 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 Teague built between 1940-1969 ( 28.25%). A lesser amount of the housing stock also hails from before 1939 ( 16.95%). There's also some housing in Teague built between 2000 and later ( 16.42%).

Vacant housing appears to be an issue in Teague. Fully 16.25% of the housing stock is classified as vacant. Left unchecked, vacant Teague homes and apartments can be a drag on the real estate market, holding Teague 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.

Teague Home Appreciation Rates

In the last 10 years, Teague has experienced some of the highest home appreciation rates of any community in the nation. Teague real estate appreciated 22.77% over the last ten years, which is an average annual home appreciation rate of 2.07%, putting Teague in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Teague 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, Teague's appreciation rate, at 5.10%, has been at or slightly above the national average. In the latest quarter, Teague's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Teague's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$80,774

Teague, TX HOME PRICES

Value Range
> $1,130,000 0.0
$848,001 - $1,130,000 0.0
$565,001 - $848,000 0.2
$452,001 - $565,000 0.9
$339,001 - $452,000 2.0
$226,001 - $339,000 6.5
$113,001 - $226,000 23.5
$56,001 - $113,000 35.9
$0 - $56,000 31.2

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
90.0210945740068 82.5875486381323

Number Of Homes And Apartments:
1,438

Teague 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
74.84% 3.29% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$892 / per month

Homeownership Rate

Homeownership
Owners 73.60
Renters 26.40
Vacant 16.25

Housing Market Details

 

Age of Homes

AGE OF Teague HOMES
2000 or Newer 16.4
1970 - 1999 38.4
1940 - 1969 28.2
1939 or Older 16.9

Types of Homes

TYPE OF Teague HOMES
Single-Family 69.8
Townhomes 0.0
Small Apt. Buildings 2.4
Apt. Complexes 3.9
Mobile Homes 23.8
Other 0.0

Home Size

SIZE OF Teague HOMES
No Bedroom 0.00
1 Bedroom 5.07
2 Bedrooms 38.91
3 Bedrooms 39.55
4 Bedrooms 15.43
5 or more bedrooms 1.05

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Zip Codes in Teague, TX