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 13,585 people, 4,773 houses or apartments, and a median cost of homes of $386,081, Tomball real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Tomball, accounting for 54.21% of the city's housing units. Other types of housing that are prevalent in Tomball include large apartment complexes or high rise apartments ( 33.81%), duplexes, homes converted to apartments or other small apartment buildings ( 6.18%), and a few row houses and other attached homes ( 4.90%).
People in Tomball primarily live in small (one, two or no bedroom) single-family detached homes. Tomball has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Tomball 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 Tomball built between 2000 and later ( 37.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.88%). There's also some housing in Tomball built before 1939 ( 5.09%).
Appreciation rates for homes in Tomball have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.79%, which ranks in the top 40% nationwide. This equates to an annual average Tomball house appreciation rate of 7.33%.
Over the last year, Tomball appreciation rates have trailed the rest of the nation. In the last twelve months, Tomball's appreciation rate has been 3.95%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tomball were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Tomball's latest annual appreciation rate is lower than 60% 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 Tomball differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tomball - 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 Tomball real estate investment or home purchase decisions.
$386,081
for Texas
for nation
4,773
$1,586 / per month