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 11,230, 3,819 total housing units (homes and apartments), and a median house value of $777,418, Spicewood house prices are not only among the most expensive in Texas, Spicewood real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Spicewood, accounting for 86.48% of the town's housing units. Other types of housing that are prevalent in Spicewood include mobile homes or trailers ( 9.88%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Spicewood. Owner-occupied housing accounts for 86.80% of Spicewood's homes, and 77.48% have either three or four bedrooms, which is average sized relative to America.
Spicewood homes and real estate are some of the newest in America. 51.05% of Spicewood'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 Spicewood real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.92%), and between 1940-1969 ( 3.32%). There's also some housing in Spicewood built before 1939 ( 2.71%).
Vacant housing appears to be an issue in Spicewood. Fully 27.23% of the housing stock is classified as vacant. Left unchecked, vacant Spicewood homes and apartments can be a drag on the real estate market, holding Spicewood 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.
In the last 10 years, Spicewood has experienced some of the highest home appreciation rates of any community in the nation. Spicewood real estate appreciated 144.20% over the last ten years, which is an average annual home appreciation rate of 9.34%, putting Spicewood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Spicewood 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, Spicewood appreciation rates have trailed the rest of the nation. In the last twelve months, Spicewood's appreciation rate has been 4.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Spicewood were at 1.62%, which equates to an annual appreciation rate of 6.64%.
Relative to Texas, our data show that Spicewood's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.
$777,418
for Texas
for nation
3,819
$2,116 / per month