Willis, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Willis Neighborhoods Since 2000




Willis, 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

Willis Housing Market Information

With a population of 6,313, 1,877 total housing units (homes and apartments), and a median house value of $108,928, 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 47.16% of the city's housing units. Other types of housing that are prevalent in Willis include mobile homes or trailers ( 43.56%), large apartment complexes or high rise apartments ( 4.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.80%).

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 46.29% owning and 53.71% 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 ( 14.07%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.14%).

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 38.78% over the last ten years, which is an average annual home appreciation rate of 3.33%, 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.

NeighborhoodScout's data show that during the latest twelve months, Willis's appreciation rate, at 4.59%, has been at or slightly above the national average. In the latest quarter, Willis's appreciation rate has been -0.09%, which annualizes to a rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$108,928

Willis, TX HOME PRICES

Value Range
> $1,203,000 0.5
$902,001 - $1,203,000 0.3
$602,001 - $902,000 1.5
$481,001 - $602,000 0.9
$361,001 - $481,000 3.7
$241,001 - $361,000 13.9
$120,001 - $241,000 26.0
$60,001 - $120,000 35.7
$0 - $60,000 17.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
72.0262510254307 57.9766536964981

Number Of Homes And Apartments:
1,877

Willis 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
81.21% 3.51% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$916 / per month

Homeownership Rate

Homeownership
Owners 46.29
Renters 53.71
Vacant 2.19

Housing Market Details

 

Age of Homes

AGE OF Willis HOMES
2000 or Newer 14.1
1970 - 1999 73.1
1940 - 1969 12.1
1939 or Older 0.7

Types of Homes

TYPE OF Willis HOMES
Single-Family 47.2
Townhomes 0.7
Small Apt. Buildings 3.8
Apt. Complexes 4.8
Mobile Homes 43.6
Other 0.0

Home Size

SIZE OF Willis HOMES
No Bedroom 0.00
1 Bedroom 1.82
2 Bedrooms 30.38
3 Bedrooms 54.66
4 Bedrooms 12.61
5 or more bedrooms 0.52