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 37,505 people, 10,894 houses or apartments, and a median cost of homes of $311,565, New Caney real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in New Caney, accounting for 52.95% of the town's housing units. Other types of housing that are prevalent in New Caney include mobile homes or trailers ( 40.16%), large apartment complexes or high rise apartments ( 3.30%), and a few row houses and other attached homes ( 1.29%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Caney. Owner-occupied housing accounts for 77.16% of New Caney's homes, and 72.78% have either three or four bedrooms, which is average sized relative to America.
New Caney homes and real estate are some of the newest in America. 48.38% of New Caney's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the New Caney real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.58%), and between 1940-1969 ( 4.98%). There's also some housing in New Caney built before 1939 ( 1.05%).
Vacant housing appears to be an issue in New Caney. Fully 11.92% of the housing stock is classified as vacant. Left unchecked, vacant New Caney homes and apartments can be a drag on the real estate market, holding New Caney 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.
Appreciation rates for homes in New Caney have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.50%, which ranks in the top 40% nationwide. This equates to an annual average New Caney house appreciation rate of 7.26%.
Over the last year, New Caney appreciation rates have trailed the rest of the nation. In the last twelve months, New Caney's appreciation rate has been 4.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Caney were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that New Caney's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within New Caney differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in New Caney - 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 New Caney real estate investment or home purchase decisions.
$311,565
for Texas
for nation
10,894
$1,340 / per month