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 9,329, 2,896 total housing units (homes and apartments), and a median house value of $537,173, Kennedale real estate is some of the most expensive in Texas, although Kennedale home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Kennedale, accounting for 70.80% of the city's housing units. Other types of housing that are prevalent in Kennedale include row houses and other attached homes ( 11.35%), duplexes, homes converted to apartments or other small apartment buildings ( 9.37%), and a few large apartment complexes or high rise apartments ( 4.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kennedale. Owner-occupied housing accounts for 70.57% of Kennedale's homes, and 54.54% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Kennedale 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 Kennedale built between 2000 and later ( 35.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.89%). There's also some housing in Kennedale built before 1939 ( 1.82%).
In the last 10 years, Kennedale has experienced some of the highest home appreciation rates of any community in the nation. Kennedale real estate appreciated 123.37% over the last ten years, which is an average annual home appreciation rate of 8.37%, putting Kennedale in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kennedale 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, Kennedale's appreciation rate, at 5.33%, has been at or slightly above the national average. In the latest quarter, Kennedale's appreciation rate has been 1.89%, which annualizes to a rate of 7.76%.
Relative to Texas, our data show that Kennedale's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$537,173
for Texas
for nation
2,896
$2,392 / per month