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 1,543, 547 total housing units (homes and apartments), and a median house value of $304,542, Boyd real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Boyd, accounting for 76.78% of the town's housing units. Other types of housing that are prevalent in Boyd include mobile homes or trailers ( 13.27%), large apartment complexes or high rise apartments ( 4.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.82%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boyd. Owner-occupied housing accounts for 79.89% of Boyd's homes, and 66.50% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Boyd 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 Boyd built between 2000 and later ( 26.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.04%). There's also some housing in Boyd built before 1939 ( 10.78%).
In the last 10 years, Boyd has experienced some of the highest home appreciation rates of any community in the nation. Boyd real estate appreciated 121.89% over the last ten years, which is an average annual home appreciation rate of 8.30%, putting Boyd in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Boyd 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, Boyd appreciation rates have trailed the rest of the nation. In the last twelve months, Boyd's appreciation rate has been 1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boyd were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Boyd's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
$304,542
for Texas
for nation
547
$1,328 / per month