White Settlement, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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White Settlement, TX Real Estate Data


White Settlement Housing Market Information

With 17,077 people, 5,994 houses or apartments, and a median cost of homes of $100,133, house prices in White Settlement are solidly below the national average.

Single-family detached homes are the single most common housing type in White Settlement, accounting for 66.96% of the city's housing units. Other types of housing that are prevalent in White Settlement include duplexes, homes converted to apartments or other small apartment buildings ( 16.71%), large apartment complexes or high rise apartments ( 11.03%), and a few row houses and other attached homes ( 4.14%).

The most prevalent building size and type in White Settlement are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.26% owning and 51.74% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. White Settlement's housing was primarily built during this period, from the '40s through the '60s. A full 49.61% of the city's housing hails from this era. Other housing ages represented in White Settlement include homes built between 1970-1999 ( 28.60%) and housing constructed between 2000 and later ( 19.81%). There's also some housing in White Settlement built before 1939 ( 1.98%).

Vacant housing appears to be an issue in White Settlement. Fully 12.05% of the housing stock is classified as vacant. Left unchecked, vacant White Settlement homes and apartments can be a drag on the real estate market, holding White Settlement 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.

White Settlement Home Appreciation Rates

In the last 10 years, White Settlement has experienced some of the highest home appreciation rates of any community in the nation. White Settlement real estate appreciated 25.29% over the last ten years, which is an average annual home appreciation rate of 2.28%, putting White Settlement in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, White Settlement 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 White Settlement that despite a nationwide downturn in the housing market, White Settlement real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, White Settlement appreciation rates continue to be some of the highest in America, at 7.83%, which is higher than appreciation rates in 90.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in White Settlement. White Settlement appreciation rates in the latest quarter were at 3.93%, which equates to an annual appreciation rate of 16.66%.

Importantly, this makes White Settlement one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$100,133

White Settlement, TX HOME PRICES

Value Range
> $1,291,000 0.0
$968,001 - $1,291,000 0.8
$646,001 - $968,000 0.0
$517,001 - $646,000 0.0
$387,001 - $517,000 0.0
$258,001 - $387,000 0.0
$129,001 - $258,000 21.0
$65,001 - $129,000 55.7
$0 - $65,000 22.5

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
78.7638343971424 66.504854368932

Number Of Homes And Apartments:
5,994

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 48.26
Renters 51.74
Vacant 12.05

Housing Market Details

 

Age of Homes

AGE OF White Settlement HOMES
2000 or Newer 19.8
1970 - 1999 28.6
1940 - 1969 49.6
1939 or Older 2.0

Types of Homes

TYPE OF White Settlement HOMES
Single-Family 67.0
Townhomes 4.1
Small Apt. Buildings 16.7
Apt. Complexes 11.0
Mobile Homes 1.0
Other 0.2

Home Size

SIZE OF White Settlement HOMES
No Bedroom 0.53
1 Bedroom 14.12
2 Bedrooms 33.35
3 Bedrooms 46.59
4 Bedrooms 4.39
5 or more bedrooms 1.03

White Settlement 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
52.19% 2.50% 3 6
* 10 is highest

Popular Neighborhoods in White Settlement

Zip Codes in White Settlement, TX