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 12,177 people, 6,290 houses or apartments, and a median cost of homes of $352,580, Webster real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Webster, accounting for 76.01% of the city's housing units. Other types of housing that are prevalent in Webster include single-family detached homes ( 11.97%), duplexes, homes converted to apartments or other small apartment buildings ( 6.39%), and a few row houses and other attached homes ( 5.62%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
Webster is dominated by renter-occupied one, two, or no bedrooms apartments. 83.98% of Webster's dwellings are rentals.
There is a lot of housing in Webster 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 Webster built between 2000 and later ( 26.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.35%).
Appreciation rates for homes in Webster have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.98%, which ranks in the top 40% nationwide. This equates to an annual average Webster house appreciation rate of 7.01%.
Over the last year, Webster appreciation rates have trailed the rest of the nation. In the last twelve months, Webster's appreciation rate has been 5.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Webster were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Webster's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$352,580
for Texas
for nation
6,290
$1,705 / per month