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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.



Keene, 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

Keene, TX Housing Market Trends

With a population of 6,728, 2,109 total housing units (homes and apartments), and a median house value of $319,234, Keene real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Keene, accounting for 49.83% of the city's housing units. Other types of housing that are prevalent in Keene include mobile homes or trailers ( 16.44%), duplexes, homes converted to apartments or other small apartment buildings ( 15.02%), and a few large apartment complexes or high rise apartments ( 12.29%).

The most prevalent building size and type in Keene are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.37% owning and 54.63% renting.

There is a lot of housing in Keene 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 Keene built between 2000 and later ( 21.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.24%).

Vacant housing appears to be an issue in Keene. Fully 11.54% of the housing stock is classified as vacant. Left unchecked, vacant Keene homes and apartments can be a drag on the real estate market, holding Keene 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.

Keene Home Appreciation Rates

In the last 10 years, Keene has experienced some of the highest home appreciation rates of any community in the nation. Keene real estate appreciated 131.26% over the last ten years, which is an average annual home appreciation rate of 8.75%, putting Keene in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Keene 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, Keene appreciation rates have trailed the rest of the nation. In the last twelve months, Keene's appreciation rate has been 2.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Keene were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to Texas, our data show that Keene's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$319,234

Keene, TX Home Prices
> $1,431,000
$1,073,001 - $1,431,000
$715,001 - $1,073,000
$573,001 - $715,000
$429,001 - $573,000
$286,001 - $429,000
$143,001 - $286,000
$71,001 - $143,000
$0 - $71,000
0.1%
0.1%
0.9%
0.9%
1.7%
1.7%
3.3%
3.3%
12.9%
12.9%
32.0%
32.0%
26.3%
26.3%
19.0%
19.0%
3.7%
3.7%
0% 100.0%
% of Homes
High

for Texas

High

for nation

Number of Homes And Apartments:

2,109

Keene Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,615 / per month

Homeownership Rate

Owners
Renters
45.4%
45.4%
54.6%
54.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
11.5%
11.5%
88.5%
88.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.2%
21.2%
67.6%
67.6%
11.2%
11.2%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.8%
49.8%
4.7%
4.7%
15.0%
15.0%
12.3%
12.3%
16.4%
16.4%
1.7%
1.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
11.9%
11.9%
28.0%
28.0%
49.1%
49.1%
8.1%
8.1%
0.9%
0.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Keene

Zip Codes in Keene, TX