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 16,198 people, 2,989 houses or apartments, and a median cost of homes of $228,390, house prices in Gatesville are solidly below the national average.
Single-family detached homes are the single most common housing type in Gatesville, accounting for 76.54% of the city's housing units. Other types of housing that are prevalent in Gatesville include large apartment complexes or high rise apartments ( 13.23%), duplexes, homes converted to apartments or other small apartment buildings ( 6.14%), and a few row houses and other attached homes ( 2.60%).
Renters dominate Gatesville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Gatesville 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 Gatesville built between 1940-1969 ( 34.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.52%). There's also some housing in Gatesville built before 1939 ( 6.31%).
Vacant housing appears to be an issue in Gatesville. Fully 12.68% of the housing stock is classified as vacant. Left unchecked, vacant Gatesville homes and apartments can be a drag on the real estate market, holding Gatesville 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.
In the last 10 years, Gatesville has experienced some of the highest home appreciation rates of any community in the nation. Gatesville real estate appreciated 116.69% over the last ten years, which is an average annual home appreciation rate of 8.04%, putting Gatesville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gatesville 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, Gatesville appreciation rates have trailed the rest of the nation. In the last twelve months, Gatesville's appreciation rate has been 3.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gatesville were at -0.83%, which equates to an annual appreciation rate of -3.28%.
Notably, Gatesville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Gatesville's latest annual appreciation rate is lower than 60% 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 Gatesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gatesville - 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 Gatesville real estate investment or home purchase decisions.
$228,390
for Texas
for nation
2,989
$1,305 / per month