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 105,729 people, 36,685 houses or apartments, and a median cost of homes of $156,286, 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 63.04% of the city's housing units. Other types of housing that are prevalent in Tyler include large apartment complexes or high rise apartments ( 24.61%), duplexes, homes converted to apartments or other small apartment buildings ( 7.34%), and a few row houses and other attached homes ( 3.24%).
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 52.74% owning and 47.26% 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 ( 31.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.47%). There's also some housing in Tyler built before 1939 ( 5.00%).
Vacant housing appears to be an issue in Tyler. Fully 12.92% 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.
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 27.33%, which ranks in the top 40% nationwide. This equates to an annual average Tyler house appreciation rate of 2.45%.
NeighborhoodScout's data show that during the latest twelve months, Tyler's appreciation rate, at 3.41%, has been at or slightly above the national average. In the latest quarter, Tyler's appreciation rate has been 1.78%, which annualizes to a rate of 7.30%.
Relative to Texas, our data show that Tyler's latest annual appreciation rate is lower 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 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.
|$898,001 - $1,198,000||0.6|
|$599,001 - $898,000||1.8|
|$479,001 - $599,000||2.3|
|$359,001 - $479,000||5.2|
|$240,001 - $359,000||13.3|
|$120,001 - $240,000||37.1|
|$60,001 - $120,000||26.2|
|$0 - $60,000||12.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Tyler HOMES|
|2000 or Newer||20.5|
|1970 - 1999||42.6|
|1940 - 1969||31.9|
|1939 or Older||5.0|
|TYPE OF Tyler HOMES|
|Small Apt. Buildings||7.3|
|SIZE OF Tyler HOMES|
|5 or more bedrooms||1.43|