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 4,232, 1,069 total housing units (homes and apartments), and a median house value of $354,075, Bullard real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Bullard, accounting for 89.42% of the town's housing units. Other types of housing that are prevalent in Bullard include duplexes, homes converted to apartments or other small apartment buildings ( 5.50%), mobile homes or trailers ( 4.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bullard. Owner-occupied housing accounts for 78.58% of Bullard's homes, and 81.42% have either three or four bedrooms, which is average sized relative to America.
Bullard homes and real estate are some of the newest in America. 56.92% of Bullard's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bullard real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.50%), and between 1940-1969 ( 10.75%).
Vacant housing appears to be an issue in Bullard. Fully 10.92% of the housing stock is classified as vacant. Left unchecked, vacant Bullard homes and apartments can be a drag on the real estate market, holding Bullard real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Bullard have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.23%, which ranks in the top 50% nationwide. This equates to an annual average Bullard house appreciation rate of 6.86%.
Over the last year, Bullard appreciation rates have trailed the rest of the nation. In the last twelve months, Bullard's appreciation rate has been 5.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bullard were at 0.00%, which equates to an annual appreciation rate of 0.10%.
Notably, Bullard's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Bullard's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
$354,075
for Texas
for nation
1,069
$2,348 / per month