Wills Point, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wills Point, 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

Wills Point Housing Market Information

With 3,547 people, 1,137 houses or apartments, and a median cost of homes of $107,425, house prices in Wills Point are solidly below the national average.

Single-family detached homes are the single most common housing type in Wills Point, accounting for 77.20% of the city's housing units. Other types of housing that are prevalent in Wills Point include duplexes, homes converted to apartments or other small apartment buildings ( 10.91%), large apartment complexes or high rise apartments ( 6.06%), and a few mobile homes or trailers ( 3.56%).

The most prevalent building size and type in Wills Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.56% owning and 42.44% renting.

There is a lot of housing in Wills Point 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 Wills Point built between 1940-1969 ( 31.89%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.58%). There's also some housing in Wills Point built before 1939 ( 8.41%).

Vacant housing appears to be an issue in Wills Point. Fully 13.86% of the housing stock is classified as vacant. Left unchecked, vacant Wills Point homes and apartments can be a drag on the real estate market, holding Wills Point 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.

Wills Point Home Appreciation Rates

Appreciation rates for homes in Wills Point have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.17%, which ranks in the top 30% nationwide. This equates to an annual average Wills Point house appreciation rate of 0.97%.

Over the last year, Wills Point appreciation rates have trailed the rest of the nation. In the last twelve months, Wills Point's appreciation rate has been 2.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wills Point were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$107,425

Wills Point, TX HOME PRICES

Value Range
> $1,180,000 0.0
$885,001 - $1,180,000 0.0
$590,001 - $885,000 0.0
$472,001 - $590,000 0.9
$354,001 - $472,000 2.5
$236,001 - $354,000 8.2
$118,001 - $236,000 31.5
$59,001 - $118,000 46.4
$0 - $59,000 10.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
72.8465955701395 58.7548638132296

Number Of Homes And Apartments:
1,137

Wills Point 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
42.07% 2.06% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Homeownership
Owners 57.56
Renters 42.44
Vacant 13.86

Housing Market Details

 

Age of Homes

AGE OF Wills Point HOMES
2000 or Newer 12.6
1970 - 1999 47.1
1940 - 1969 31.9
1939 or Older 8.4

Types of Homes

TYPE OF Wills Point HOMES
Single-Family 77.2
Townhomes 2.3
Small Apt. Buildings 10.9
Apt. Complexes 6.1
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Wills Point HOMES
No Bedroom 1.74
1 Bedroom 11.97
2 Bedrooms 24.17
3 Bedrooms 48.86
4 Bedrooms 12.20
5 or more bedrooms 1.06

Popular Neighborhoods in Wills Point

Popular Communities Near Wills Point, TX

Zip Codes in Wills Point, TX