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 a population of 6,939, 2,351 total housing units (homes and apartments), and a median house value of $138,666, house prices in Willis 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 Willis, accounting for 54.95% of the city's housing units. Other types of housing that are prevalent in Willis include mobile homes or trailers ( 27.27%), large apartment complexes or high rise apartments ( 12.56%), and a few row houses and other attached homes ( 3.38%).
The most prevalent building size and type in Willis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.27% owning and 39.73% renting.
There is a lot of housing in Willis 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 Willis built between 2000 and later ( 20.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.65%).
Real estate appreciation rates in Willis's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.52% during the period.
Appreciation rates are so strong in Willis that despite a nationwide downturn in the housing market, Willis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Willis appreciation rates continue to be some of the highest in America, at 9.07%, which is higher than appreciation rates in 81.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Willis. Willis appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Willis's latest annual appreciation rate is higher than 90% 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 Willis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Willis - 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 Willis real estate investment or home purchase decisions.
$138,666
for Texas
for nation
2,351
$1,762 / per month