Tomball, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Tomball Housing Market Information

With a population of 11,778, 4,361 total housing units (homes and apartments), and a median house value of $248,119, Tomball real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Tomball, accounting for 59.42% of the city's housing units. Other types of housing that are prevalent in Tomball include large apartment complexes or high rise apartments ( 26.28%), duplexes, homes converted to apartments or other small apartment buildings ( 8.18%), and a few row houses and other attached homes ( 5.51%).

The most prevalent building size and type in Tomball are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.48% owning and 52.52% renting.

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 ( 30.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.99%). There's also some housing in Tomball built before 1939 ( 2.86%).

Tomball Home Appreciation Rates

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 84.34% over the last ten years, which is an average annual home appreciation rate of 6.31%, 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.

NeighborhoodScout's data show that during the latest twelve months, Tomball's appreciation rate, at 4.21%, has been at or slightly above the national average. In the latest quarter, Tomball's appreciation rate has been 1.82%, which annualizes to a rate of 7.46%.

Relative to Texas, our data show that Tomball's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 
info

Median Home Value:
$248,119

Tomball, TX HOME PRICES

> $1,292,000
1.5%
1.5%
$968,001 - $1,292,000
0.4%
0.4%
$646,001 - $968,000
6.6%
6.6%
$517,001 - $646,000
8.3%
8.3%
$387,001 - $517,000
10.3%
10.3%
$258,001 - $387,000
27.3%
27.3%
$129,001 - $258,000
38.5%
38.5%
$65,001 - $129,000
4.5%
4.5%
$0 - $65,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
4,361

Tomball Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
132.53% 4.15%
8
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,293 / per month

Homeownership Rate

Owners
47.5%
47.5%
Renters
52.5%
52.5%
Vacant
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
30.7%
30.7%
1970 - 1999
53.5%
53.5%
1940 - 1969
13.0%
13.0%
1939 or Older
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.4%
59.4%
Townhomes
5.5%
5.5%
Small Apt. Buildings
8.2%
8.2%
Apt. Complexes
26.3%
26.3%
Mobile Homes
0.6%
0.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.5%
3.5%
1 Bedroom
12.7%
12.7%
2 Bedrooms
29.6%
29.6%
3 Bedrooms
31.3%
31.3%
4 Bedrooms
19.9%
19.9%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES