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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 72,277 people, 25,204 houses or apartments, and a median cost of homes of $133,598, house prices in Temple are solidly below the national average.
Single-family detached homes are the single most common housing type in Temple, accounting for 64.26% of the city's housing units. Other types of housing that are prevalent in Temple include large apartment complexes or high rise apartments ( 22.69%), duplexes, homes converted to apartments or other small apartment buildings ( 8.14%), and a few mobile homes or trailers ( 3.06%).
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 54.17% owning and 45.83% 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 1940-1969 ( 26.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.16%). There's also some housing in Temple built before 1939 ( 4.44%).
Vacant housing appears to be an issue in Temple. Fully 15.09% of the housing stock is classified as vacant. Left unchecked, vacant Temple homes and apartments can be a drag on the real estate market, holding Temple 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 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 13.56%, which ranks in the top 30% nationwide. This equates to an annual average Temple house appreciation rate of 1.28%.
NeighborhoodScout's data show that during the latest twelve months, Temple's appreciation rate, at 5.54%, has been at or slightly above the national average. In the latest quarter, Temple's appreciation rate has been 1.73%, which annualizes to a rate of 7.10%.
Relative to Texas, our data show that Temple'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 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.
|$838,001 - $1,118,000||0.1|
|$559,001 - $838,000||1.2|
|$447,001 - $559,000||1.2|
|$335,001 - $447,000||2.6|
|$223,001 - $335,000||9.2|
|$112,001 - $223,000||43.8|
|$56,001 - $112,000||32.3|
|$0 - $56,000||9.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Temple HOMES|
|2000 or Newer||24.2|
|1970 - 1999||44.9|
|1940 - 1969||26.5|
|1939 or Older||4.4|
|TYPE OF Temple HOMES|
|Small Apt. Buildings||8.1|
|SIZE OF Temple HOMES|
|5 or more bedrooms||1.62|