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 1,308, 484 total housing units (homes and apartments), and a median house value of $153,430, house prices in Big Sandy are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Big Sandy, accounting for 68.69% of the town's housing units. Other types of housing that are prevalent in Big Sandy include duplexes, homes converted to apartments or other small apartment buildings ( 15.81%), large apartment complexes or high rise apartments ( 7.29%), and a few mobile homes or trailers ( 6.84%).
People in Big Sandy primarily live in small (one, two or no bedroom) single-family detached homes. Big Sandy has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Big Sandy 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 Big Sandy built between 1940-1969 ( 21.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.61%). There's also some housing in Big Sandy built before 1939 ( 12.01%).
Vacant housing appears to be an issue in Big Sandy. Fully 26.44% of the housing stock is classified as vacant. Left unchecked, vacant Big Sandy homes and apartments can be a drag on the real estate market, holding Big Sandy real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Big Sandy's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Big Sandy during the period has been just 5.42%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Big Sandy's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Big Sandy's appreciation rate has been 1.69%, which annualizes to a rate of 6.94%.
Relative to Texas, our data show that Big Sandy's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$153,430
for Texas
for nation
484
$1,566 / per month