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 12,337, 4,687 total housing units (homes and apartments), and a median house value of $161,683, house prices in Levelland are solidly below the national average.
Single-family detached homes are the single most common housing type in Levelland, accounting for 79.74% of the city's housing units. Other types of housing that are prevalent in Levelland include mobile homes or trailers ( 8.53%), large apartment complexes or high rise apartments ( 8.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.14%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Levelland. Owner-occupied housing accounts for 66.10% of Levelland's homes, and 65.31% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Levelland 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 Levelland built between 1940-1969 ( 36.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.24%). There's also some housing in Levelland built before 1939 ( 3.95%).
Vacant housing appears to be an issue in Levelland. Fully 13.43% of the housing stock is classified as vacant. Left unchecked, vacant Levelland homes and apartments can be a drag on the real estate market, holding Levelland 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.
Levelland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Levelland during the period has been just 5.70%, which is lower than 70% of US communities.
Over the last year, Levelland appreciation rates have trailed the rest of the nation. In the last twelve months, Levelland's appreciation rate has been 4.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Levelland were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Levelland's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
$161,683
for Texas
for nation
4,687
$1,240 / per month