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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.



Waller, 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

Waller, TX Housing Market Trends

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%).

Waller Home Appreciation Rates

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.

Average Home Values

Median Home Value

$238,820

Waller, TX Home Prices
> $1,276,000
$957,001 - $1,276,000
$639,001 - $957,000
$510,001 - $639,000
$383,001 - $510,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
0.9%
0.9%
0.4%
0.4%
2.5%
2.5%
2.7%
2.7%
15.8%
15.8%
31.4%
31.4%
27.9%
27.9%
15.5%
15.5%
3.1%
3.1%
0% 100.0%
% of Homes
Average

for Texas

Average

for nation

Number of Homes And Apartments:

1,239

Waller Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,380 / per month

Homeownership Rate

Owners
Renters
28.7%
28.7%
71.3%
71.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.1%
6.1%
93.9%
93.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.0%
29.0%
50.4%
50.4%
18.0%
18.0%
2.6%
2.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
33.6%
33.6%
0.5%
0.5%
35.3%
35.3%
15.8%
15.8%
14.8%
14.8%
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
6.1%
6.1%
8.0%
8.0%
55.3%
55.3%
27.4%
27.4%
3.1%
3.1%
0.0%
0.0%
0% 100.0%
% of Homes