Windcrest, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Windcrest, 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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Windcrest Housing Market Information

With 5,858 people, 2,238 houses or apartments, and a median cost of homes of $219,977, Windcrest real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Windcrest, accounting for 86.23% of the city's housing units. Other types of housing that are prevalent in Windcrest include large apartment complexes or high rise apartments ( 4.42%), duplexes, homes converted to apartments or other small apartment buildings ( 4.19%), and a few row houses and other attached homes ( 3.66%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Windcrest. Owner-occupied housing accounts for 79.84% of Windcrest's homes, and 79.30% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Windcrest 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 Windcrest built between 1940-1969 ( 36.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.47%).

Vacant housing appears to be an issue in Windcrest. Fully 13.89% of the housing stock is classified as vacant. Left unchecked, vacant Windcrest homes and apartments can be a drag on the real estate market, holding Windcrest 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.

Windcrest Home Appreciation Rates

In the last 10 years, Windcrest has experienced some of the highest home appreciation rates of any community in the nation. Windcrest real estate appreciated 41.33% over the last ten years, which is an average annual home appreciation rate of 3.52%, putting Windcrest in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Windcrest 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, Windcrest's appreciation rate, at 5.64%, has been at or slightly above the national average. In the latest quarter, Windcrest's appreciation rate has been 1.22%, which annualizes to a rate of 4.96%.

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

Average Home Values

 

Median Home Value:
$219,977

Windcrest, TX HOME PRICES

Value Range
> $1,325,000 0.2
$994,001 - $1,325,000 0.0
$663,001 - $994,000 0.0
$530,001 - $663,000 0.1
$398,001 - $530,000 2.5
$265,001 - $398,000 16.8
$132,001 - $265,000 68.1
$67,001 - $132,000 7.5
$0 - $67,000 4.8

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
32.2277372262774 17.8467507274491

Number Of Homes And Apartments:
2,238

Windcrest Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
89.56% 3.47%
5
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,744 / per month

Homeownership Rate

Homeownership
Owners 79.84
Renters 20.16
Vacant 13.89

Housing Market Details

 

Age of Homes

AGE OF Windcrest HOMES
2000 or Newer 14.5
1970 - 1999 48.6
1940 - 1969 36.9
1939 or Older 0.0

Types of Homes

TYPE OF Windcrest HOMES
Single-Family 86.2
Townhomes 3.7
Small Apt. Buildings 4.2
Apt. Complexes 4.4
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Windcrest HOMES
No Bedroom 0.00
1 Bedroom 1.23
2 Bedrooms 14.85
3 Bedrooms 56.21
4 Bedrooms 23.09
5 or more bedrooms 4.62