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 a population of 11,540, 4,077 total housing units (homes and apartments), and a median house value of $213,273, Tomball real estate is some of the most expensive in Texas, although Tomball home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Tomball, accounting for 55.71% of the city's housing units. Other types of housing that are prevalent in Tomball include large apartment complexes or high rise apartments ( 28.24%), duplexes, homes converted to apartments or other small apartment buildings ( 11.28%), and a few mobile homes or trailers ( 3.31%).
People in Tomball primarily live in small (one, two or no bedroom) single-family detached homes. Tomball has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Tomball 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 Tomball built between 2000 and later ( 27.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.33%). There's also some housing in Tomball built before 1939 ( 1.11%).
Vacant housing appears to be an issue in Tomball. Fully 16.09% of the housing stock is classified as vacant. Left unchecked, vacant Tomball homes and apartments can be a drag on the real estate market, holding Tomball 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.
In the last 10 years, Tomball has experienced some of the highest home appreciation rates of any community in the nation. Tomball real estate appreciated 48.86% over the last ten years, which is an average annual home appreciation rate of 4.06%, putting Tomball in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tomball definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Tomball that despite a nationwide downturn in the housing market, Tomball real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tomball appreciation rates continue to be some of the highest in America, at 7.15%, which is higher than appreciation rates in 82.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tomball. Tomball appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.
Relative to Texas, our data show that Tomball's latest annual appreciation rate is higher than 70% 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 Tomball differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tomball - 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 Tomball real estate investment or home purchase decisions.
|$963,001 - $1,283,000||0.1|
|$642,001 - $963,000||9.4|
|$513,001 - $642,000||3.6|
|$385,001 - $513,000||11.7|
|$257,001 - $385,000||11.9|
|$128,001 - $257,000||49.8|
|$64,001 - $128,000||11.0|
|$0 - $64,000||1.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Tomball HOMES|
|2000 or Newer||27.9|
|1970 - 1999||55.6|
|1940 - 1969||15.3|
|1939 or Older||1.1|
|TYPE OF Tomball HOMES|
|Small Apt. Buildings||11.3|
|SIZE OF Tomball HOMES|
|5 or more bedrooms||2.86|