Balch Springs, TX Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Balch Springs, TX Housing Market Trends

With a population of 25,007, 6,665 total housing units (homes and apartments), and a median house value of $147,054, house prices in Balch Springs are solidly below the national average.

Single-family detached homes are the single most common housing type in Balch Springs, accounting for 70.67% of the city's housing units. Other types of housing that are prevalent in Balch Springs include large apartment complexes or high rise apartments ( 17.32%), duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), and a few mobile homes or trailers ( 3.27%).

The most prevalent building size and type in Balch Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.94% owning and 39.06% renting.

There is a lot of housing in Balch Springs 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 Balch Springs built between 1940-1969 ( 29.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.03%). There's also some housing in Balch Springs built before 1939 ( 2.08%).

Vacant housing appears to be an issue in Balch Springs. Fully 10.99% of the housing stock is classified as vacant. Left unchecked, vacant Balch Springs homes and apartments can be a drag on the real estate market, holding Balch Springs 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.

Balch Springs Home Appreciation Rates

In the last 10 years, Balch Springs has experienced some of the highest home appreciation rates of any community in the nation. Balch Springs real estate appreciated 140.05% over the last ten years, which is an average annual home appreciation rate of 9.15%, putting Balch Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Balch Springs 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, Balch Springs's appreciation rate, at 9.60%, has been at or slightly above the national average. In the latest quarter, Balch Springs's appreciation rate has been 2.76%, which annualizes to a rate of 11.49%.

Relative to Texas, our data show that Balch Springs's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$147,054

Balch Springs, TX HOME PRICES

> $1,427,000
0.3%
0.3%
$1,070,001 - $1,427,000
1.3%
1.3%
$714,001 - $1,070,000
0.0%
0.0%
$571,001 - $714,000
0.1%
0.1%
$428,001 - $571,000
1.0%
1.0%
$286,001 - $428,000
4.3%
4.3%
$143,001 - $286,000
40.4%
40.4%
$71,001 - $143,000
40.0%
40.0%
$0 - $71,000
12.7%
12.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for TX

Value Relative To Nation

Number Of Homes And Apartments:
6,665

Balch Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
179.96% 4.90%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,615 / per month

Homeownership Rate

Owners
60.9%
60.9%
Renters
39.1%
39.1%
Vacant
11.0%
11.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
25.0%
25.0%
1970 - 1999
43.6%
43.6%
1940 - 1969
29.3%
29.3%
1939 or Older
2.1%
2.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.7%
70.7%
Townhomes
2.2%
2.2%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
17.3%
17.3%
Mobile Homes
3.3%
3.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.1%
2.1%
1 Bedroom
7.6%
7.6%
2 Bedrooms
21.2%
21.2%
3 Bedrooms
49.5%
49.5%
4 Bedrooms
14.8%
14.8%
5 or more bedrooms
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Balch Springs

Zip Codes in Balch Springs, TX