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Tyler, 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

Tyler, TX Housing Market Trends

With a population of 105,995, 37,114 total housing units (homes and apartments), and a median house value of $259,325, Tyler 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 Tyler, accounting for 63.72% of the city's housing units. Other types of housing that are prevalent in Tyler include large apartment complexes or high rise apartments ( 25.08%), duplexes, homes converted to apartments or other small apartment buildings ( 6.31%), and a few row houses and other attached homes ( 3.29%).

The most prevalent building size and type in Tyler are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.84% owning and 49.16% renting.

There is a lot of housing in Tyler 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 Tyler built between 1940-1969 ( 33.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.14%). There's also some housing in Tyler built before 1939 ( 4.88%).

Vacant housing appears to be an issue in Tyler. Fully 13.52% of the housing stock is classified as vacant. Left unchecked, vacant Tyler homes and apartments can be a drag on the real estate market, holding Tyler 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.

Tyler Home Appreciation Rates

Appreciation rates for homes in Tyler have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.21%, which ranks in the top 30% nationwide. This equates to an annual average Tyler house appreciation rate of 6.41%.

Appreciation rates are so strong in Tyler that despite a nationwide downturn in the housing market, Tyler real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tyler appreciation rates continue to be some of the highest in America, at 26.26%, which is higher than appreciation rates in 97.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tyler. Tyler appreciation rates in the latest quarter were at 6.24%, which equates to an annual appreciation rate of 27.40%.

Importantly, NeighborhoodScout’s exclusive research found that Tyler's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Texas, our data show that Tyler'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 Tyler differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tyler - 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 Tyler real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$259,325

Tyler, TX HOME PRICES

> $1,511,000
$1,133,001 - $1,511,000
$755,001 - $1,133,000
$604,001 - $755,000
$453,001 - $604,000
$302,001 - $453,000
$151,001 - $302,000
$75,001 - $151,000
$0 - $75,000
0.9%
0.9%
1.4%
1.4%
1.7%
1.7%
4.3%
4.3%
8.5%
8.5%
16.1%
16.1%
38.2%
38.2%
19.4%
19.4%
9.4%
9.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for TX

Value Relative To Nation

Number Of Homes And Apartments:
37,114

Tyler 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
150.96% 4.17%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,602 / per month

Homeownership Rate

Owners
Renters
Vacant
50.8%
50.8%
49.2%
49.2%
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.1%
22.1%
39.3%
39.3%
33.6%
33.6%
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.7%
63.7%
3.3%
3.3%
6.3%
6.3%
25.1%
25.1%
1.5%
1.5%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.4%
3.4%
12.4%
12.4%
25.9%
25.9%
42.8%
42.8%
13.5%
13.5%
2.0%
2.0%
0.0% 100.0%
% OF HOMES