Tyler, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Tyler Neighborhoods Since 2000




Tyler, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Tyler Housing Market Information

With 103,700 people, 37,644 houses or apartments, and a median cost of homes of $138,289, house prices in Tyler are solidly below the national average.

Single-family detached homes are the single most common housing type in Tyler, accounting for 62.54% of the city's housing units. Other types of housing that are prevalent in Tyler include large apartment complexes or high rise apartments ( 24.79%), duplexes, homes converted to apartments or other small apartment buildings ( 7.21%), and a few row houses and other attached homes ( 3.83%).

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 49.95% owning and 50.05% 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 ( 32.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.55%). There's also some housing in Tyler built before 1939 ( 4.83%).

Vacant housing appears to be an issue in Tyler. Fully 10.45% 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

In the last 10 years, Tyler has experienced some of the highest home appreciation rates of any community in the nation. Tyler real estate appreciated 17.75% over the last ten years, which is an average annual home appreciation rate of 1.65%, putting Tyler in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tyler definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Tyler appreciation rates have trailed the rest of the nation. In the last twelve months, Tyler's appreciation rate has been 2.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tyler were at 1.33%, which equates to an annual appreciation rate of 5.44%.

Relative to Texas, our data show that Tyler's latest annual appreciation rate is lower than 80% 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:
$138,289

Tyler, TX HOME PRICES

Value Range
> $1,114,000 0.2
$835,001 - $1,114,000 0.5
$557,001 - $835,000 2.0
$446,001 - $557,000 2.3
$334,001 - $446,000 3.7
$223,001 - $334,000 13.0
$111,001 - $223,000 35.6
$56,001 - $111,000 30.1
$0 - $56,000 12.6

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
55.610570725419 38.8618677042802

Number Of Homes And Apartments:
37,644

Tyler Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
54.73% 2.56% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$975 / per month

Homeownership Rate

Homeownership
Owners 49.95
Renters 50.05
Vacant 10.45

Housing Market Details

 

Age of Homes

AGE OF Tyler HOMES
2000 or Newer 19.6
1970 - 1999 43.5
1940 - 1969 32.2
1939 or Older 4.8

Types of Homes

TYPE OF Tyler HOMES
Single-Family 62.5
Townhomes 3.8
Small Apt. Buildings 7.2
Apt. Complexes 24.8
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Tyler HOMES
No Bedroom 2.54
1 Bedroom 14.83
2 Bedrooms 25.75
3 Bedrooms 41.54
4 Bedrooms 13.95
5 or more bedrooms 1.39