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 10,580 people, 3,558 houses or apartments, and a median cost of homes of $178,363, house prices in Bellmead are solidly below the national average.
Single-family detached homes are the single most common housing type in Bellmead, accounting for 63.62% of the city's housing units. Other types of housing that are prevalent in Bellmead include mobile homes or trailers ( 17.78%), large apartment complexes or high rise apartments ( 10.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.02%).
The most prevalent building size and type in Bellmead are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.29% owning and 43.71% renting.
There is a lot of housing in Bellmead 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 Bellmead built between 1940-1969 ( 34.31%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.01%). There's also some housing in Bellmead built before 1939 ( 2.55%).
In the last 10 years, Bellmead has experienced some of the highest home appreciation rates of any community in the nation. Bellmead real estate appreciated 126.42% over the last ten years, which is an average annual home appreciation rate of 8.52%, putting Bellmead in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bellmead definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Bellmead appreciation rates have trailed the rest of the nation. In the last twelve months, Bellmead's appreciation rate has been -1.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bellmead were at -3.65%, which equates to an annual appreciation rate of -13.81%.
Notably, Bellmead's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Bellmead's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
$178,363
for Texas
for nation
3,558
$1,404 / per month