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 5,783, 2,146 total housing units (homes and apartments), and a median house value of $143,858, house prices in Littlefield 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 Littlefield, accounting for 82.24% of the city's housing units. Other types of housing that are prevalent in Littlefield include duplexes, homes converted to apartments or other small apartment buildings ( 7.52%), mobile homes or trailers ( 5.94%), and a few large apartment complexes or high rise apartments ( 2.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Littlefield. Owner-occupied housing accounts for 66.62% of Littlefield's homes, and 67.83% 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. Littlefield's housing was primarily built during this period, from the '40s through the '60s. A full 48.95% of the city's housing hails from this era. Other housing ages represented in Littlefield include homes built between 1970-1999 ( 37.17%) and housing constructed between 2000 and later ( 8.09%). There's also some housing in Littlefield built before 1939 ( 5.79%).
Vacant housing appears to be an issue in Littlefield. Fully 19.26% of the housing stock is classified as vacant. Left unchecked, vacant Littlefield homes and apartments can be a drag on the real estate market, holding Littlefield 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.
Appreciation rates for homes in Littlefield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.86%, which ranks in the top 50% nationwide. This equates to an annual average Littlefield house appreciation rate of 6.57%.
Over the last year, Littlefield appreciation rates have trailed the rest of the nation. In the last twelve months, Littlefield's appreciation rate has been 4.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Littlefield were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Littlefield's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.
$143,858
for Texas
for nation
2,146
$1,387 / per month