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Temple, TX Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Temple, TX Housing Market Trends

With 82,073 people, 28,276 houses or apartments, and a median cost of homes of $224,963, Temple 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 Temple, accounting for 66.24% of the city's housing units. Other types of housing that are prevalent in Temple include large apartment complexes or high rise apartments ( 20.55%), duplexes, homes converted to apartments or other small apartment buildings ( 9.52%), and a few mobile homes or trailers ( 2.30%).

The most prevalent building size and type in Temple are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.83% owning and 47.17% renting.

There is a lot of housing in Temple 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 Temple built between 2000 and later ( 30.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.84%). There's also some housing in Temple built before 1939 ( 4.35%).

Temple Home Appreciation Rates

Appreciation rates for homes in Temple have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.93%, which ranks in the top 30% nationwide. This equates to an annual average Temple house appreciation rate of 7.01%.

Appreciation rates are so strong in Temple that despite a nationwide downturn in the housing market, Temple real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Temple appreciation rates continue to be some of the highest in America, at 28.94%, which is higher than appreciation rates in 99.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Temple. Temple appreciation rates in the latest quarter were at 3.89%, which equates to an annual appreciation rate of 16.48%.

Relative to Texas, our data show that Temple's latest annual appreciation rate is higher than 90% 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 Temple differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Temple - 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 Temple real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$224,963

Temple, TX HOME PRICES

> $1,617,000
$1,213,001 - $1,617,000
$808,001 - $1,213,000
$647,001 - $808,000
$485,001 - $647,000
$323,001 - $485,000
$162,001 - $323,000
$81,001 - $162,000
$0 - $81,000
0.3%
0.3%
0.2%
0.2%
1.1%
1.1%
1.4%
1.4%
3.8%
3.8%
16.5%
16.5%
47.6%
47.6%
22.6%
22.6%
6.5%
6.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for TX

Value Relative To Nation

Number Of Homes And Apartments:
28,276

Temple Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
161.37% 4.36%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,435 / per month

Homeownership Rate

Owners
Renters
Vacant
52.8%
52.8%
47.2%
47.2%
9.6%
9.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
30.6%
30.6%
42.2%
42.2%
22.8%
22.8%
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.2%
66.2%
1.4%
1.4%
9.5%
9.5%
20.5%
20.5%
2.3%
2.3%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.7%
1.7%
12.9%
12.9%
23.8%
23.8%
44.7%
44.7%
15.2%
15.2%
1.8%
1.8%
0.0% 100.0%
% OF HOMES