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 22,890, 7,269 total housing units (homes and apartments), and a median house value of $279,103, Ennis 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 Ennis, accounting for 74.87% of the city's housing units. Other types of housing that are prevalent in Ennis include large apartment complexes or high rise apartments ( 10.33%), duplexes, homes converted to apartments or other small apartment buildings ( 8.67%), and a few mobile homes or trailers ( 4.47%).
The most prevalent building size and type in Ennis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.79% owning and 37.21% renting.
Ennis homes and real estate are some of the newest in America. 35.51% of Ennis'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 Ennis real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.47%), and between 1940-1969 ( 27.55%). There's also some housing in Ennis built before 1939 ( 5.46%).
In the last 10 years, Ennis has experienced some of the highest home appreciation rates of any community in the nation. Ennis real estate appreciated 129.40% over the last ten years, which is an average annual home appreciation rate of 8.66%, putting Ennis in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ennis 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, Ennis appreciation rates have trailed the rest of the nation. In the last twelve months, Ennis's appreciation rate has been 3.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ennis were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Ennis's latest annual appreciation rate is lower than 60% 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 Ennis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ennis - 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 Ennis real estate investment or home purchase decisions.
$279,103
for Texas
for nation
7,269
$1,785 / per month