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 10,733 people, 3,314 houses or apartments, and a median cost of homes of $819,256, Heath house prices are not only among the most expensive in Texas, Heath real estate also is some of the most expensive in all of America.
Heath is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Heath than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Heath. Owner-occupied housing accounts for 95.87% of Heath's homes, and 77.93% have either three or four bedrooms, which is average sized relative to America.
Heath homes and real estate are some of the newest in America. 48.59% of Heath'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 Heath real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 47.43%), and between 1940-1969 ( 3.38%).
In the last 10 years, Heath has experienced some of the highest home appreciation rates of any community in the nation. Heath real estate appreciated 118.71% over the last ten years, which is an average annual home appreciation rate of 8.14%, putting Heath in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Heath 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, Heath appreciation rates have trailed the rest of the nation. In the last twelve months, Heath's appreciation rate has been 1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Heath were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Heath's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
$819,256
for Texas
for nation
3,314
$2,985 / per month