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 40,833, 14,201 total housing units (homes and apartments), and a median house value of $537,264, Friendswood real estate is some of the most expensive in Texas, although Friendswood home values aren't among America's most expensive.
Friendswood is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Friendswood than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Friendswood. Owner-occupied housing accounts for 76.37% of Friendswood's homes, and 71.74% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Friendswood 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 Friendswood built between 2000 and later ( 28.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.57%).
Appreciation rates for homes in Friendswood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 114.70%, which ranks in the top 30% nationwide. This equates to an annual average Friendswood house appreciation rate of 7.94%.
Appreciation rates are so strong in Friendswood that despite a nationwide downturn in the housing market, Friendswood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Friendswood appreciation rates continue to be some of the highest in America, at 12.31%, which is higher than appreciation rates in 94.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Friendswood. Friendswood appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Friendswood's latest annual appreciation rate is higher 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 Friendswood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Friendswood - 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 Friendswood real estate investment or home purchase decisions.
$537,264
for Texas
for nation
14,201
$2,313 / per month