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 5,597 people, 1,764 houses or apartments, and a median cost of homes of $497,167, Justin real estate is some of the most expensive in Texas, although Justin home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Justin, accounting for 95.24% of the city's housing units. Other types of housing that are prevalent in Justin include large apartment complexes or high rise apartments ( 2.21%), duplexes, homes converted to apartments or other small apartment buildings ( 1.93%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Justin. Owner-occupied housing accounts for 83.52% of Justin's homes, and 81.80% have either three or four bedrooms, which is average sized relative to America.
Justin homes and real estate are some of the newest in America. 73.92% of Justin's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Justin real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 18.82%), and between 1940-1969 ( 4.82%). There's also some housing in Justin built before 1939 ( 2.44%).
In the last 10 years, Justin has experienced some of the highest home appreciation rates of any community in the nation. Justin real estate appreciated 124.77% over the last ten years, which is an average annual home appreciation rate of 8.44%, putting Justin in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Justin 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, Justin appreciation rates have trailed the rest of the nation. In the last twelve months, Justin's appreciation rate has been 2.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Justin were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Justin's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$497,167
for Texas
for nation
1,764
$2,615 / per month