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 4,564 people, 1,587 houses or apartments, and a median cost of homes of $131,409, house prices in Madisonville are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Madisonville, accounting for 72.66% of the city's housing units. Other types of housing that are prevalent in Madisonville include large apartment complexes or high rise apartments ( 8.61%), duplexes, homes converted to apartments or other small apartment buildings ( 8.19%), and a few mobile homes or trailers ( 7.97%).
The most prevalent building size and type in Madisonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.90% owning and 43.10% renting.
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. Madisonville's housing was primarily built during this period, from the '40s through the '60s. A full 44.89% of the city's housing hails from this era. Other housing ages represented in Madisonville include homes built between 1970-1999 ( 37.88%) and housing constructed between 2000 and later ( 9.90%). There's also some housing in Madisonville built before 1939 ( 7.33%).
Vacant housing appears to be an issue in Madisonville. Fully 15.09% of the housing stock is classified as vacant. Left unchecked, vacant Madisonville homes and apartments can be a drag on the real estate market, holding Madisonville 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 Madisonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.22% during the period.
Over the last year, Madisonville appreciation rates have trailed the rest of the nation. In the last twelve months, Madisonville's appreciation rate has been 4.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madisonville were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Madisonville's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.
$131,409
for Texas
for nation
1,587
$1,263 / per month