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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 106,985 people, 36,778 houses or apartments, and a median cost of homes of $186,477, 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 63.12% of the city's housing units. Other types of housing that are prevalent in Tyler include large apartment complexes or high rise apartments ( 25.34%), duplexes, homes converted to apartments or other small apartment buildings ( 6.49%), and a few row houses and other attached homes ( 3.18%).

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 50.57% owning and 49.43% 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 ( 32.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.50%). There's also some housing in Tyler built before 1939 ( 4.89%).

Vacant housing appears to be an issue in Tyler. Fully 13.70% 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 44.89%, which ranks in the top 50% nationwide. This equates to an annual average Tyler house appreciation rate of 3.78%.

NeighborhoodScout's data show that during the latest twelve months, Tyler's appreciation rate, at 9.66%, has been at or slightly above the national average. In the latest quarter, Tyler's appreciation rate has been 2.00%, which annualizes to a rate of 8.23%.

Relative to Texas, our data show that Tyler'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 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:
$186,477

Tyler, TX HOME PRICES

> $1,238,000
0.8%
0.8%
$929,001 - $1,238,000
1.2%
1.2%
$619,001 - $929,000
1.9%
1.9%
$495,001 - $619,000
3.1%
3.1%
$371,001 - $495,000
6.7%
6.7%
$247,001 - $371,000
15.2%
15.2%
$124,001 - $247,000
38.3%
38.3%
$62,001 - $124,000
22.4%
22.4%
$0 - $62,000
10.5%
10.5%
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:
36,778

Tyler Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
96.57% 3.19%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,375 / per month

Homeownership Rate

Owners
50.6%
50.6%
Renters
49.4%
49.4%
Vacant
13.7%
13.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.5%
20.5%
1970 - 1999
41.7%
41.7%
1940 - 1969
32.9%
32.9%
1939 or Older
4.9%
4.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.1%
63.1%
Townhomes
3.2%
3.2%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
25.3%
25.3%
Mobile Homes
1.8%
1.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.7%
3.7%
1 Bedroom
13.2%
13.2%
2 Bedrooms
25.4%
25.4%
3 Bedrooms
42.2%
42.2%
4 Bedrooms
13.6%
13.6%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES