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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fort Hood, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Hood, TX Housing Market Trends

With 28,295 people, 4,188 houses or apartments, and a median cost of homes of $13,571, house prices in Fort Hood are some of the most affordable in Texas as well as the nation.

Row houses and other attached homes are the single most common housing type in Fort Hood, accounting for 78.84% of the town's housing units. Other types of housing that are prevalent in Fort Hood include single-family detached homes ( 13.46%), duplexes, homes converted to apartments or other small apartment buildings ( 4.43%), and a few large apartment complexes or high rise apartments ( 2.75%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

Renters dominate Fort Hood's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.

There is a lot of housing in Fort Hood 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 Fort Hood built between 2000 and later ( 22.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.99%).

Vacant housing appears to be an issue in Fort Hood. Fully 43.06% of the housing stock is classified as vacant. Left unchecked, vacant Fort Hood homes and apartments can be a drag on the real estate market, holding Fort Hood 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.

Fort Hood Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Fort Hood, where house values have increased just 35.71%, which is annualized rate of 3.10%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Appreciation rates are so strong in Fort Hood that despite a nationwide downturn in the housing market, Fort Hood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Hood appreciation rates continue to be some of the highest in America, at 35.71%, which is higher than appreciation rates in 99.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Hood. Fort Hood appreciation rates in the latest quarter were at -0.83%, which equates to an annual appreciation rate of -3.26%.

Notably, Fort Hood's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Fort Hood'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 town. Individual neighborhoods within Fort Hood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Hood - 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 Fort Hood real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$13,571

Fort Hood Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,946 / per month

Homeownership Rate

Owners
Renters
0.4%
0.4%
99.6%
99.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
43.1%
43.1%
56.9%
56.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.2%
22.2%
65.9%
65.9%
11.0%
11.0%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
13.5%
13.5%
78.8%
78.8%
4.4%
4.4%
2.7%
2.7%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
0.9%
0.9%
11.4%
11.4%
60.2%
60.2%
24.7%
24.7%
2.3%
2.3%
0% 100.0%
% of Homes