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 4,644 people, 1,628 houses or apartments, and a median cost of homes of $343,875, Hallsville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hallsville, accounting for 63.61% of the city's housing units. Other types of housing that are prevalent in Hallsville include duplexes, homes converted to apartments or other small apartment buildings ( 19.45%), mobile homes or trailers ( 12.38%), and a few large apartment complexes or high rise apartments ( 4.56%).
The most prevalent building size and type in Hallsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.02% owning and 43.98% renting.
Hallsville homes and real estate are some of the newest in America. 39.43% of Hallsville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hallsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.28%), and before 1939 ( 12.17%). There's also some housing in Hallsville built between 1940-1969 ( 9.12%).
Vacant housing appears to be an issue in Hallsville. Fully 14.63% of the housing stock is classified as vacant. Left unchecked, vacant Hallsville homes and apartments can be a drag on the real estate market, holding Hallsville 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.
Real estate appreciation rates in Hallsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.46% during the period.
NeighborhoodScout's data show that during the latest twelve months, Hallsville's appreciation rate, at 7.88%, has been at or slightly above the national average. In the latest quarter, Hallsville's appreciation rate has been 3.90%, which annualizes to a rate of 16.54%.
Importantly, this makes Hallsville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Hallsville's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$343,875
for Texas
for nation
1,628
$1,945 / per month