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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Converse, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Converse, TX Housing Market Trends

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%).

Converse Home Appreciation Rates

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.

Average Home Values

Median Home Value

$271,804

Converse, TX Home Prices
> $1,327,000
$995,001 - $1,327,000
$663,001 - $995,000
$531,001 - $663,000
$398,001 - $531,000
$265,001 - $398,000
$132,001 - $265,000
$67,001 - $132,000
$0 - $67,000
0.4%
0.4%
0.1%
0.1%
1.1%
1.1%
2.5%
2.5%
10.0%
10.0%
41.6%
41.6%
37.4%
37.4%
3.8%
3.8%
3.2%
3.2%
0% 100.0%
% of Homes
High

for Texas

Average

for nation

Number of Homes And Apartments:

9,653

Converse Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,314 / per month

Homeownership Rate

Owners
Renters
74.4%
74.4%
25.6%
25.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
1.9%
1.9%
98.1%
98.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
52.1%
52.1%
43.9%
43.9%
3.9%
3.9%
0.1%
0.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
86.2%
86.2%
0.7%
0.7%
0.9%
0.9%
11.4%
11.4%
0.8%
0.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.1%
0.1%
2.4%
2.4%
8.6%
8.6%
55.1%
55.1%
31.3%
31.3%
2.4%
2.4%
0% 100.0%
% of Homes