Whitney, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Whitney, TX Real Estate Data


Whitney Housing Market Information

With 2,101 people, 791 houses or apartments, and a median cost of homes of $80,621, house prices in Whitney are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Whitney, accounting for 73.96% of the town's housing units. Other types of housing that are prevalent in Whitney include duplexes, homes converted to apartments or other small apartment buildings ( 10.63%), large apartment complexes or high rise apartments ( 8.02%), and a few mobile homes or trailers ( 4.90%).

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

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. Whitney's housing was primarily built during this period, from the '40s through the '60s. A full 36.25% of the town's housing hails from this era. Other housing ages represented in Whitney include homes built between 1970-1999 ( 35.83%) and housing constructed between 2000 and later ( 18.13%). There's also some housing in Whitney built before 1939 ( 9.79%).

Vacant housing appears to be an issue in Whitney. Fully 17.60% of the housing stock is classified as vacant. Left unchecked, vacant Whitney homes and apartments can be a drag on the real estate market, holding Whitney 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.

Whitney Home Appreciation Rates

Appreciation rates for homes in Whitney have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.43%, which ranks in the top 30% nationwide. This equates to an annual average Whitney house appreciation rate of 1.27%.

Appreciation rates are so strong in Whitney that despite a nationwide downturn in the housing market, Whitney real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whitney appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 78.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitney. Whitney appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

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

Relative to Texas, our data show that Whitney's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$80,621

Whitney, TX HOME PRICES

Value Range
> $1,155,000 0.0
$866,001 - $1,155,000 0.0
$577,001 - $866,000 0.5
$462,001 - $577,000 0.3
$347,001 - $462,000 0.2
$231,001 - $347,000 5.1
$116,001 - $231,000 23.7
$57,001 - $116,000 34.1
$0 - $57,000 36.1

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
90.9820226035018 84.5631067961165

Number Of Homes And Apartments:
791

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 47.21
Renters 52.79
Vacant 17.60

Housing Market Details

 

Age of Homes

AGE OF Whitney HOMES
2000 or Newer 18.1
1970 - 1999 35.8
1940 - 1969 36.3
1939 or Older 9.8

Types of Homes

TYPE OF Whitney HOMES
Single-Family 74.0
Townhomes 2.5
Small Apt. Buildings 10.6
Apt. Complexes 8.0
Mobile Homes 4.9
Other 0.0

Home Size

SIZE OF Whitney HOMES
No Bedroom 1.98
1 Bedroom 13.23
2 Bedrooms 34.79
3 Bedrooms 39.69
4 Bedrooms 10.00
5 or more bedrooms 0.31

Whitney 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
56.18% 2.66% 3 7
* 10 is highest

Popular Neighborhoods in Whitney

Zip Codes in Whitney, TX