TOMBALL, TX

TOMBALL HOUSING MARKET INFORMATION

With a population of 11,761, 4,383 total housing units (homes and apartments), and a median house value of $248,118, Tomball real estate is some of the most expensive in Texas, although Tomball home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Tomball, accounting for 59.26% of the city's housing units. Other types of housing that are prevalent in Tomball include large apartment complexes or high rise apartments ( 25.58%), duplexes, homes converted to apartments or other small apartment buildings ( 9.71%), and a few row houses and other attached homes ( 4.35%).

The most prevalent building size and type in Tomball are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 46.82% owning and 53.18% renting.

There is a lot of housing in Tomball 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 Tomball built between 2000 and later ( 26.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.24%). There's also some housing in Tomball built before 1939 ( 2.47%).

TOMBALL HOME APPRECIATION RATES

In the last 10 years, Tomball has experienced some of the highest home appreciation rates of any community in the nation. Tomball real estate appreciated 75.22% over the last ten years, which is an average annual home appreciation rate of 5.77%, putting Tomball in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tomball 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, Tomball's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Tomball's appreciation rate has been 0.47%, which annualizes to a rate of 1.87%.

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

Relative to Texas, our data show that Tomball's latest annual appreciation rate is lower than 70% 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 city. Individual neighborhoods within Tomball differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tomball - 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 Tomball real estate investment or home purchase decisions.