Willis, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Willis Neighborhoods Since 2000




Willis, TX Real Estate Data


Willis Housing Market Information

With 6,313 people, 1,871 houses or apartments, and a median cost of homes of $129,291, house prices in Willis are solidly below the national average.

Single-family detached homes are the single most common housing type in Willis, accounting for 43.77% of the city's housing units. Other types of housing that are prevalent in Willis include mobile homes or trailers ( 42.16%), large apartment complexes or high rise apartments ( 6.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.51%).

The most prevalent building size and type in Willis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.31% owning and 45.69% renting.

There is a lot of housing in Willis 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 Willis built between 2000 and later ( 15.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.42%).

Willis Home Appreciation Rates

In the last 10 years, Willis has experienced some of the highest home appreciation rates of any community in the nation. Willis real estate appreciated 37.33% over the last ten years, which is an average annual home appreciation rate of 3.22%, putting Willis in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Willis definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Willis appreciation rates have trailed the rest of the nation. In the last twelve months, Willis's appreciation rate has been 3.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Willis were at 1.83%, which equates to an annual appreciation rate of 7.53%.

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

Average Home Values

 

Median Home Value:
$129,291

Willis, TX HOME PRICES

Value Range
> $1,347,000 0.5
$1,010,001 - $1,347,000 0.4
$673,001 - $1,010,000 1.4
$538,001 - $673,000 0.8
$404,001 - $538,000 3.0
$269,001 - $404,000 9.6
$135,001 - $269,000 28.7
$67,001 - $135,000 38.6
$0 - $67,000 17.1

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
61.1290039234057 45.2427184466019

Number Of Homes And Apartments:
1,871

Rent & Ownership

 

Average Market Rent:
$812 / per month

Homeownership Rate

Homeownership
Owners 54.31
Renters 45.69
Vacant 6.31

Housing Market Details

 

Age of Homes

AGE OF Willis HOMES
2000 or Newer 15.8
1970 - 1999 70.2
1940 - 1969 13.4
1939 or Older 0.6

Types of Homes

TYPE OF Willis HOMES
Single-Family 43.8
Townhomes 2.0
Small Apt. Buildings 5.5
Apt. Complexes 6.6
Mobile Homes 42.2
Other 0.0

Home Size

SIZE OF Willis HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 37.01
3 Bedrooms 55.18
4 Bedrooms 7.81
5 or more bedrooms 0.00

Willis 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
81.70% 3.58% 7 9
* 10 is highest