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 29,603, 9,653 total housing units (homes and apartments), and a median house value of $271,804, Converse 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 Converse, accounting for 86.19% of the city's housing units. Other types of housing that are prevalent in Converse include large apartment complexes or high rise apartments ( 11.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Converse. Owner-occupied housing accounts for 74.41% of Converse's homes, and 86.44% have either three or four bedrooms, which is average sized relative to America.
Converse homes and real estate are some of the newest in America. 52.10% of Converse's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Converse real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.92%), and between 1940-1969 ( 3.87%).
In the last 10 years, Converse has experienced some of the highest home appreciation rates of any community in the nation. Converse real estate appreciated 118.10% over the last ten years, which is an average annual home appreciation rate of 8.11%, putting Converse in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Converse 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, Converse appreciation rates have trailed the rest of the nation. In the last twelve months, Converse's appreciation rate has been 0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Converse were at -1.46%, which equates to an annual appreciation rate of -5.70%.
Notably, Converse's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Converse's latest annual appreciation rate is lower 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 Converse differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Converse - 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 Converse real estate investment or home purchase decisions.
$271,804
for Texas
for nation
9,653
$2,314 / per month