Webster, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Webster, TX Real Estate Data


Webster Housing Market Information

With 11,116 people, 4,730 houses or apartments, and a median cost of homes of $194,400, Webster real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Webster, accounting for 83.98% of the city's housing units. Other types of housing that are prevalent in Webster include single-family detached homes ( 8.52%), duplexes, homes converted to apartments or other small apartment buildings ( 5.57%), and a few row houses and other attached homes ( 1.60%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

Webster is dominated by renter-occupied one, two, or no bedrooms apartments. 87.66% of Webster's dwellings are rentals.

There is a lot of housing in Webster 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 Webster built between 2000 and later ( 31.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.92%).

Vacant housing appears to be an issue in Webster. Fully 12.99% of the housing stock is classified as vacant. Left unchecked, vacant Webster homes and apartments can be a drag on the real estate market, holding Webster 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.

Webster Home Appreciation Rates

In the last 10 years, Webster has experienced some of the highest home appreciation rates of any community in the nation. Webster real estate appreciated 34.08% over the last ten years, which is an average annual home appreciation rate of 2.98%, putting Webster in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Webster 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, Webster's appreciation rate, at 4.68%, has been at or slightly above the national average. In the latest quarter, Webster's appreciation rate has been 1.83%, which annualizes to a rate of 7.53%.

Relative to Texas, our data show that Webster's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$194,400

Webster, TX HOME PRICES

Value Range
> $1,371,000 0.0
$1,029,001 - $1,371,000 0.2
$685,001 - $1,029,000 0.3
$549,001 - $685,000 0.1
$411,001 - $549,000 0.8
$274,001 - $411,000 9.5
$137,001 - $274,000 57.3
$68,001 - $137,000 19.9
$0 - $68,000 11.9

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
34.5318264332143 20.0

Number Of Homes And Apartments:
4,730

Rent & Ownership

 

Average Market Rent:
$1,217 / per month

Homeownership Rate

Homeownership
Owners 12.34
Renters 87.66
Vacant 12.99

Housing Market Details

 

Age of Homes

AGE OF Webster HOMES
2000 or Newer 32.0
1970 - 1999 57.6
1940 - 1969 9.9
1939 or Older 0.5

Types of Homes

TYPE OF Webster HOMES
Single-Family 8.5
Townhomes 1.6
Small Apt. Buildings 5.6
Apt. Complexes 84.0
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Webster HOMES
No Bedroom 1.34
1 Bedroom 39.13
2 Bedrooms 45.29
3 Bedrooms 10.76
4 Bedrooms 3.24
5 or more bedrooms 0.24

Webster Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
67.43% 3.08% 5 8
* 10 is highest