Waller, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waller, 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

Waller Housing Market Information

With a population of 2,522, 825 total housing units (homes and apartments), and a median house value of $167,874, Waller 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 Waller, accounting for 57.76% of the city's housing units. Other types of housing that are prevalent in Waller include mobile homes or trailers ( 18.90%), duplexes, homes converted to apartments or other small apartment buildings ( 12.67%), and a few large apartment complexes or high rise apartments ( 6.55%).

The most prevalent building size and type in Waller are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.54% owning and 43.46% renting.

There is a lot of housing in Waller 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 Waller built between 1940-1969 ( 18.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.42%). There's also some housing in Waller built before 1939 ( 11.19%).

Vacant housing appears to be an issue in Waller. Fully 12.88% of the housing stock is classified as vacant. Left unchecked, vacant Waller homes and apartments can be a drag on the real estate market, holding Waller 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.

Waller Home Appreciation Rates

In the last 10 years, Waller has experienced some of the highest home appreciation rates of any community in the nation. Waller real estate appreciated 36.50% over the last ten years, which is an average annual home appreciation rate of 3.16%, putting Waller in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waller 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, Waller's appreciation rate, at 3.91%, has been at or slightly above the national average. In the latest quarter, Waller's appreciation rate has been -0.09%, which annualizes to a rate of -0.38%.

Relative to Texas, our data show that Waller's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$167,874

Waller, TX HOME PRICES

Value Range
> $1,199,000 1.6
$899,001 - $1,199,000 1.1
$599,001 - $899,000 4.9
$479,001 - $599,000 4.5
$360,001 - $479,000 5.7
$240,001 - $360,000 13.3
$120,001 - $240,000 30.4
$60,001 - $120,000 27.0
$0 - $60,000 11.6

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
42.473338802297 26.0214007782101

Number Of Homes And Apartments:
825

Waller 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
86.68% 3.69% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,045 / per month

Homeownership Rate

Homeownership
Owners 56.54
Renters 43.46
Vacant 12.88

Housing Market Details

 

Age of Homes

AGE OF Waller HOMES
2000 or Newer 15.4
1970 - 1999 54.5
1940 - 1969 18.9
1939 or Older 11.2

Types of Homes

TYPE OF Waller HOMES
Single-Family 57.8
Townhomes 3.2
Small Apt. Buildings 12.7
Apt. Complexes 6.5
Mobile Homes 18.9
Other 1.0

Home Size

SIZE OF Waller HOMES
No Bedroom 0.00
1 Bedroom 6.34
2 Bedrooms 39.92
3 Bedrooms 45.72
4 Bedrooms 7.50
5 or more bedrooms 0.53

Popular Neighborhoods in Waller

Zip Codes in Waller, TX