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 8,667, 2,979 total housing units (homes and apartments), and a median house value of $363,142, Joshua real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Joshua, accounting for 62.36% of the city's housing units. Other types of housing that are prevalent in Joshua include mobile homes or trailers ( 12.68%), large apartment complexes or high rise apartments ( 12.31%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.60%).
The most prevalent building size and type in Joshua are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.00% owning and 43.00% renting.
There is a lot of housing in Joshua 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 Joshua built between 2000 and later ( 33.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.68%). There's also some housing in Joshua built before 1939 ( 2.62%).
In the last 10 years, Joshua has experienced some of the highest home appreciation rates of any community in the nation. Joshua real estate appreciated 131.68% over the last ten years, which is an average annual home appreciation rate of 8.77%, putting Joshua in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Joshua 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, Joshua appreciation rates have trailed the rest of the nation. In the last twelve months, Joshua's appreciation rate has been 2.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Joshua were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Joshua's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$363,142
for Texas
for nation
2,979
$1,721 / per month