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 882 people, 480 houses or apartments, and a median cost of homes of $373,091, Coldspring real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Coldspring, accounting for 55.00% of the city's housing units. Other types of housing that are prevalent in Coldspring include large apartment complexes or high rise apartments ( 18.52%), mobile homes or trailers ( 17.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.78%).
People in Coldspring primarily live in small (one, two or no bedroom) single-family detached homes. Coldspring has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Coldspring 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 Coldspring built between 2000 and later ( 33.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.26%). There's also some housing in Coldspring built before 1939 ( 5.56%).
Vacant housing appears to be an issue in Coldspring. Fully 11.11% of the housing stock is classified as vacant. Left unchecked, vacant Coldspring homes and apartments can be a drag on the real estate market, holding Coldspring 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.
Appreciation rates for homes in Coldspring have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.26%, which ranks in the top 50% nationwide. This equates to an annual average Coldspring house appreciation rate of 6.76%.
Over the last year, Coldspring appreciation rates have trailed the rest of the nation. In the last twelve months, Coldspring's appreciation rate has been 2.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coldspring were at 0.54%, which equates to an annual appreciation rate of 2.17%.
Relative to Texas, our data show that Coldspring's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
$373,091
for Texas
for nation
480
$1,022 / per month