Beaumont, 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 Q1 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

Beaumont, TX Housing Market Trends

With a population of 116,825, 45,839 total housing units (homes and apartments), and a median house value of $125,021, house prices in Beaumont are solidly below the national average.

Single-family detached homes are the single most common housing type in Beaumont, accounting for 65.09% of the city's housing units. Other types of housing that are prevalent in Beaumont include large apartment complexes or high rise apartments ( 22.53%), duplexes, homes converted to apartments or other small apartment buildings ( 7.48%), and a few row houses and other attached homes ( 3.13%).

The most prevalent building size and type in Beaumont are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.10% owning and 47.90% renting.

There is a lot of housing in Beaumont 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 Beaumont built between 1940-1969 ( 34.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.84%). There's also some housing in Beaumont built before 1939 ( 5.10%).

Vacant housing appears to be an issue in Beaumont. Fully 13.45% of the housing stock is classified as vacant. Left unchecked, vacant Beaumont homes and apartments can be a drag on the real estate market, holding Beaumont 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.

Beaumont Home Appreciation Rates

Real estate appreciation rates in Beaumont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.43% during the period.

Over the last year, Beaumont appreciation rates have trailed the rest of the nation. In the last twelve months, Beaumont's appreciation rate has been 2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beaumont were at 0.25%, which equates to an annual appreciation rate of 1.02%.

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

Relative to Texas, our data show that Beaumont'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 city. Individual neighborhoods within Beaumont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaumont - 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 Beaumont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,021

Beaumont, TX HOME PRICES

> $1,147,000
0.4%
0.4%
$860,001 - $1,147,000
0.5%
0.5%
$573,001 - $860,000
1.4%
1.4%
$459,001 - $573,000
1.7%
1.7%
$344,001 - $459,000
3.6%
3.6%
$229,001 - $344,000
10.1%
10.1%
$115,001 - $229,000
31.7%
31.7%
$57,001 - $115,000
30.9%
30.9%
$0 - $57,000
19.7%
19.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for TX

Value Relative To Nation

Number Of Homes And Apartments:
45,839

Beaumont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
76.10% 2.70%
1
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,047 / per month

Homeownership Rate

Owners
52.1%
52.1%
Renters
47.9%
47.9%
Vacant
13.5%
13.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.8%
20.8%
1970 - 1999
40.0%
40.0%
1940 - 1969
34.1%
34.1%
1939 or Older
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.1%
65.1%
Townhomes
3.1%
3.1%
Small Apt. Buildings
7.5%
7.5%
Apt. Complexes
22.5%
22.5%
Mobile Homes
1.8%
1.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
14.8%
14.8%
2 Bedrooms
27.2%
27.2%
3 Bedrooms
41.8%
41.8%
4 Bedrooms
13.3%
13.3%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES