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 48,724, 20,459 total housing units (homes and apartments), and a median house value of $419,329, Bedford real estate is some of the most expensive in Texas, although Bedford home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Bedford, accounting for 55.09% of the city's housing units. Other types of housing that are prevalent in Bedford include large apartment complexes or high rise apartments ( 32.49%), duplexes, homes converted to apartments or other small apartment buildings ( 6.68%), and a few row houses and other attached homes ( 5.70%).
The most prevalent building size and type in Bedford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.98% owning and 47.02% renting.
There is a lot of housing in Bedford 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 Bedford built between 1940-1969 ( 17.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.63%).
In the last 10 years, Bedford has experienced some of the highest home appreciation rates of any community in the nation. Bedford real estate appreciated 125.66% over the last ten years, which is an average annual home appreciation rate of 8.48%, putting Bedford in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bedford 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, Bedford appreciation rates have trailed the rest of the nation. In the last twelve months, Bedford's appreciation rate has been 2.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bedford were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Bedford's latest annual appreciation rate is lower than 70% 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 Bedford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bedford - 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 Bedford real estate investment or home purchase decisions.
$419,329
for Texas
for nation
20,459
$2,110 / per month