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 16,408 people, 6,271 houses or apartments, and a median cost of homes of $222,415, house prices in Sulphur Springs are solidly below the national average.
Single-family detached homes are the single most common housing type in Sulphur Springs, accounting for 74.39% of the city's housing units. Other types of housing that are prevalent in Sulphur Springs include large apartment complexes or high rise apartments ( 16.06%), duplexes, homes converted to apartments or other small apartment buildings ( 6.26%), and a few row houses and other attached homes ( 1.79%).
The most prevalent building size and type in Sulphur Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.44% owning and 46.56% renting.
There is a lot of housing in Sulphur Springs 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 Sulphur Springs built between 1940-1969 ( 25.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.09%). There's also some housing in Sulphur Springs built before 1939 ( 8.22%).
Vacant housing appears to be an issue in Sulphur Springs. Fully 10.14% of the housing stock is classified as vacant. Left unchecked, vacant Sulphur Springs homes and apartments can be a drag on the real estate market, holding Sulphur Springs 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 Sulphur Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 112.08%, which ranks in the top 30% nationwide. This equates to an annual average Sulphur Springs house appreciation rate of 7.81%.
Over the last year, Sulphur Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Sulphur Springs's appreciation rate has been 1.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sulphur Springs were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Sulphur Springs's latest annual appreciation rate is lower 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 Sulphur Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sulphur Springs - 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 Sulphur Springs real estate investment or home purchase decisions.
$222,415
for Texas
for nation
6,271
$1,552 / per month