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 23,314 people, 6,654 houses or apartments, and a median cost of homes of $231,588, house prices in Horizon City are solidly below the national average.
Single-family detached homes are the single most common housing type in Horizon City, accounting for 88.89% of the city's housing units. Other types of housing that are prevalent in Horizon City include duplexes, homes converted to apartments or other small apartment buildings ( 3.93%), mobile homes or trailers ( 3.79%), and a few large apartment complexes or high rise apartments ( 2.32%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Horizon City. Owner-occupied housing accounts for 85.47% of Horizon City's homes, and 85.00% have either three or four bedrooms, which is average sized relative to America.
Horizon City homes and real estate are some of the newest in America. 65.24% of Horizon City'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 Horizon City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.40%), and between 1940-1969 ( 1.37%).
Real estate appreciation rates in Horizon City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.11% during the period.
Appreciation rates are so strong in Horizon City that despite a nationwide downturn in the housing market, Horizon City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Horizon City appreciation rates continue to be some of the highest in America, at 8.87%, which is higher than appreciation rates in 79.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Horizon City. Horizon City appreciation rates in the latest quarter were at 3.48%, which equates to an annual appreciation rate of 14.67%.
Importantly, this makes Horizon City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Horizon City'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 Horizon City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Horizon City - 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 Horizon City real estate investment or home purchase decisions.
$231,588
for Texas
for nation
6,654
$1,621 / per month