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 8,969 people, 2,925 houses or apartments, and a median cost of homes of $223,004, house prices in Navasota are solidly below the national average.
Single-family detached homes are the single most common housing type in Navasota, accounting for 66.19% of the city's housing units. Other types of housing that are prevalent in Navasota include duplexes, homes converted to apartments or other small apartment buildings ( 12.03%), large apartment complexes or high rise apartments ( 11.51%), and a few mobile homes or trailers ( 10.27%).
The most prevalent building size and type in Navasota are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.67% owning and 43.33% renting.
There is a lot of housing in Navasota 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 Navasota built between 2000 and later ( 20.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.12%). There's also some housing in Navasota built before 1939 ( 8.02%).
In the last 10 years, Navasota has experienced some of the highest home appreciation rates of any community in the nation. Navasota real estate appreciated 117.33% over the last ten years, which is an average annual home appreciation rate of 8.07%, putting Navasota in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Navasota definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Navasota's appreciation rate, at 3.93%, has been at or slightly above the national average. In the latest quarter, Navasota's appreciation rate has been 3.65%, which annualizes to a rate of 15.40%.
Importantly, this makes Navasota one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Navasota's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
$223,004
for Texas
for nation
2,925
$1,471 / per month