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 8,440 people, 2,480 houses or apartments, and a median cost of homes of $363,368, Providence Village real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Providence Village, accounting for 98.92% of the town's housing units. Other types of housing that are prevalent in Providence Village include large apartment complexes or high rise apartments ( 1.08%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Providence Village. Owner-occupied housing accounts for 73.15% of Providence Village's homes, and 91.59% have either three or four bedrooms, which is average sized relative to America.
Providence Village homes and real estate are some of the newest in America. 97.88% of Providence Village's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Providence Village real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 2.12%), and between 1940-1969 ( 0.00%).
In the last 10 years, Providence Village has experienced some of the highest home appreciation rates of any community in the nation. Providence Village real estate appreciated 118.15% over the last ten years, which is an average annual home appreciation rate of 8.11%, putting Providence Village in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Providence Village 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, Providence Village appreciation rates have trailed the rest of the nation. In the last twelve months, Providence Village's appreciation rate has been 3.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Providence Village were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Providence Village's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
$363,368
for Texas
for nation
2,480
$3,505 / per month