Wharton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Wharton Neighborhoods Since 2000




Wharton, 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

Wharton Housing Market Information

With a population of 8,726, 3,264 total housing units (homes and apartments), and a median house value of $142,232, Wharton 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 Wharton, accounting for 58.07% of the city's housing units. Other types of housing that are prevalent in Wharton include large apartment complexes or high rise apartments ( 22.97%), mobile homes or trailers ( 10.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.83%).

People in Wharton primarily live in small (one, two or no bedroom) single-family detached homes. Wharton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Wharton 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 Wharton built between 1940-1969 ( 35.03%). A lesser amount of the housing stock also hails from before 1939 ( 11.11%). There's also some housing in Wharton built between 2000 and later ( 5.66%).

Vacant housing appears to be an issue in Wharton. Fully 15.68% of the housing stock is classified as vacant. Left unchecked, vacant Wharton homes and apartments can be a drag on the real estate market, holding Wharton 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.

Wharton Home Appreciation Rates

In the last 10 years, Wharton has experienced some of the highest home appreciation rates of any community in the nation. Wharton real estate appreciated 17.85% over the last ten years, which is an average annual home appreciation rate of 1.66%, putting Wharton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wharton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Wharton that despite a nationwide downturn in the housing market, Wharton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wharton appreciation rates continue to be some of the highest in America, at 6.95%, which is higher than appreciation rates in 81.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wharton. Wharton appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$142,232

Wharton, TX HOME PRICES

Value Range
> $1,161,000 1.4
$871,001 - $1,161,000 0.3
$581,001 - $871,000 0.0
$465,001 - $581,000 1.0
$348,001 - $465,000 0.6
$232,001 - $348,000 11.3
$116,001 - $232,000 29.4
$58,001 - $116,000 31.4
$0 - $58,000 24.6

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
53.7296378764796 37.15953307393

Number Of Homes And Apartments:
3,264

Wharton 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
52.52% 2.48% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 43.48
Renters 56.52
Vacant 15.68

Housing Market Details

 

Age of Homes

AGE OF Wharton HOMES
2000 or Newer 5.7
1970 - 1999 48.2
1940 - 1969 35.0
1939 or Older 11.1

Types of Homes

TYPE OF Wharton HOMES
Single-Family 58.1
Townhomes 0.4
Small Apt. Buildings 7.8
Apt. Complexes 23.0
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF Wharton HOMES
No Bedroom 4.70
1 Bedroom 15.73
2 Bedrooms 33.58
3 Bedrooms 38.72
4 Bedrooms 6.79
5 or more bedrooms 0.46

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Zip Codes in Wharton, TX