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 13,476 people, 4,607 houses or apartments, and a median cost of homes of $174,793, house prices in Kilgore are solidly below the national average.
Single-family detached homes are the single most common housing type in Kilgore, accounting for 83.63% of the city's housing units. Other types of housing that are prevalent in Kilgore include large apartment complexes or high rise apartments ( 6.84%), mobile homes or trailers ( 5.92%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.33%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kilgore. Owner-occupied housing accounts for 67.43% of Kilgore's homes, and 58.08% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kilgore's housing was primarily built during this period, from the '40s through the '60s. A full 47.17% of the city's housing hails from this era. Other housing ages represented in Kilgore include homes built between 1970-1999 ( 34.17%) and housing constructed between 2000 and later ( 14.48%). There's also some housing in Kilgore built before 1939 ( 4.18%).
Vacant housing appears to be an issue in Kilgore. Fully 12.89% of the housing stock is classified as vacant. Left unchecked, vacant Kilgore homes and apartments can be a drag on the real estate market, holding Kilgore 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.
Kilgore's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kilgore during the period has been just 5.58%, which is lower than 70% of US communities.
Over the last year, Kilgore appreciation rates have trailed the rest of the nation. In the last twelve months, Kilgore's appreciation rate has been 5.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kilgore were at 3.90%, which equates to an annual appreciation rate of 16.54%.
Importantly, this makes Kilgore 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 Kilgore's latest annual appreciation rate is higher than 80% 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 Kilgore differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kilgore - 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 Kilgore real estate investment or home purchase decisions.
$174,793
for Texas
for nation
4,607
$1,630 / per month