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 26,947, 8,201 total housing units (homes and apartments), and a median house value of $252,591, house prices in Balch Springs are solidly below the national average.
Single-family detached homes are the single most common housing type in Balch Springs, accounting for 67.87% of the city's housing units. Other types of housing that are prevalent in Balch Springs include large apartment complexes or high rise apartments ( 20.61%), duplexes, homes converted to apartments or other small apartment buildings ( 5.09%), and a few mobile homes or trailers ( 4.39%).
The most prevalent building size and type in Balch Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.54% owning and 38.46% renting.
There is a lot of housing in Balch Springs 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 Balch Springs built between 2000 and later ( 30.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.88%). There's also some housing in Balch Springs built before 1939 ( 2.52%).
In the last 10 years, Balch Springs has experienced some of the highest home appreciation rates of any community in the nation. Balch Springs real estate appreciated 169.15% over the last ten years, which is an average annual home appreciation rate of 10.41%, putting Balch Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Balch Springs 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, Balch Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Balch Springs's appreciation rate has been 1.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Balch Springs were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Balch Springs's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
$252,591
for Texas
for nation
8,201
$1,959 / per month