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 a population of 17,077, 6,178 total housing units (homes and apartments), and a median house value of $93,980, 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 67.66% 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 ( 14.93%), large apartment complexes or high rise apartments ( 10.91%), and a few row houses and other attached homes ( 5.48%).
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 46.64% owning and 53.36% 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 50.54% of the city's housing hails from this era. Other housing ages represented in White Settlement include homes built between 1970-1999 ( 28.64%) and housing constructed between 2000 and later ( 19.18%). There's also some housing in White Settlement built before 1939 ( 1.63%).
Vacant housing appears to be an issue in White Settlement. Fully 10.22% 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.
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 27.94% over the last ten years, which is an average annual home appreciation rate of 2.49%, putting White Settlement in the top 10% 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 9.42%, which is higher than appreciation rates in 92.12% 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 2.35%, which equates to an annual appreciation rate of 9.75%.
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 80% of the other cities and towns in Texas.
|$963,001 - $1,284,000||0.8|
|$642,001 - $963,000||0.0|
|$514,001 - $642,000||0.0|
|$385,001 - $514,000||0.0|
|$257,001 - $385,000||0.0|
|$128,001 - $257,000||21.7|
|$64,001 - $128,000||58.2|
|$0 - $64,000||19.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF White Settlement HOMES|
|2000 or Newer||19.2|
|1970 - 1999||28.6|
|1940 - 1969||50.5|
|1939 or Older||1.6|
|TYPE OF White Settlement HOMES|
|Small Apt. Buildings||14.9|
|SIZE OF White Settlement HOMES|
|5 or more bedrooms||0.84|