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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 4,015, 1,422 total housing units (homes and apartments), and a median house value of $358,590, Farmersville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Farmersville, accounting for 89.24% of the city's housing units. Other types of housing that are prevalent in Farmersville include large apartment complexes or high rise apartments ( 7.00%), row houses and other attached homes ( 3.76%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Farmersville. Owner-occupied housing accounts for 66.82% of Farmersville's homes, and 75.37% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Farmersville 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 Farmersville built between 1940-1969 ( 35.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.97%). There's also some housing in Farmersville built before 1939 ( 11.28%).
In the last 10 years, Farmersville has experienced some of the highest home appreciation rates of any community in the nation. Farmersville real estate appreciated 118.11% over the last ten years, which is an average annual home appreciation rate of 8.11%, putting Farmersville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Farmersville 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, Farmersville appreciation rates have trailed the rest of the nation. In the last twelve months, Farmersville's appreciation rate has been 0.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Farmersville were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Farmersville's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
$358,590
for Texas
for nation
1,422
$1,840 / per month