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 3,117 people, 1,239 houses or apartments, and a median cost of homes of $238,820, house prices in Waller are solidly below the national average.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Waller, accounting for 35.30% of the city's housing units. Other types of housing that are prevalent in Waller include single-family detached homes ( 33.56%), large apartment complexes or high rise apartments ( 15.83%), and a few mobile homes or trailers ( 14.85%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Waller is dominated by renter-occupied one, two, or no bedrooms apartments. 71.32% of Waller's dwellings are rentals.
There is a lot of housing in Waller 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 Waller built between 2000 and later ( 29.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.03%). There's also some housing in Waller built before 1939 ( 2.58%).
Appreciation rates for homes in Waller have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.23%, which ranks in the top 50% nationwide. This equates to an annual average Waller house appreciation rate of 6.81%.
NeighborhoodScout's data show that during the latest twelve months, Waller's appreciation rate, at 5.51%, has been at or slightly above the national average. In the latest quarter, Waller's appreciation rate has been 1.69%, which annualizes to a rate of 6.92%.
Relative to Texas, our data show that Waller's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$238,820
for Texas
for nation
1,239
$1,380 / per month