SPRING, TX

SPRING HOUSING MARKET INFORMATION

With 60,827 people, 19,611 houses or apartments, and a median cost of homes of $158,246, Spring real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Spring, accounting for 89.24% of the town's housing units. Other types of housing that are prevalent in Spring include large apartment complexes or high rise apartments ( 4.49%), duplexes, homes converted to apartments or other small apartment buildings ( 2.54%), and a few row houses and other attached homes ( 2.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spring. Owner-occupied housing accounts for 73.04% of Spring's homes, and 82.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Spring 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 Spring built between 2000 and later ( 35.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.69%).

SPRING HOME APPRECIATION RATES

In the last 10 years, Spring has experienced some of the highest home appreciation rates of any community in the nation. Spring real estate appreciated 48.32% over the last ten years, which is an average annual home appreciation rate of 4.02%, putting Spring in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spring 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, Spring appreciation rates have trailed the rest of the nation. In the last twelve months, Spring's appreciation rate has been 1.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spring were at 0.47%, which equates to an annual appreciation rate of 1.87%.

Notably, Spring's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Spring's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Spring differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Spring - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Spring real estate investment or home purchase decisions.