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 12,249, 4,068 total housing units (homes and apartments), and a median house value of $129,663, house prices in Borger are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Borger, accounting for 83.67% of the city's housing units. Other types of housing that are prevalent in Borger include duplexes, homes converted to apartments or other small apartment buildings ( 6.95%), large apartment complexes or high rise apartments ( 6.17%), and a few row houses and other attached homes ( 1.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Borger. Owner-occupied housing accounts for 76.45% of Borger's homes, and 56.30% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Borger's housing was primarily built during this period, from the '40s through the '60s. A full 58.14% of the city's housing hails from this era. Other housing ages represented in Borger include homes built between 1970-1999 ( 31.65%) and housing constructed between 2000 and later ( 5.95%). There's also some housing in Borger built before 1939 ( 4.26%).
Vacant housing appears to be an issue in Borger. Fully 33.64% of the housing stock is classified as vacant. Left unchecked, vacant Borger homes and apartments can be a drag on the real estate market, holding Borger 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Borger, where house values have increased just 51.41%, which is annualized rate of 4.24%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Borger's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Borger's appreciation rate has been 1.51%, which annualizes to a rate of 6.17%.
Relative to Texas, our data show that Borger's latest annual appreciation rate is higher than 80% 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 Borger differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Borger - 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 Borger real estate investment or home purchase decisions.
$129,663
for Texas
for nation
4,068
$1,671 / per month