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 4,886, 1,706 total housing units (homes and apartments), and a median house value of $373,356, Pilot Point real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Pilot Point, accounting for 80.00% of the city's housing units. Other types of housing that are prevalent in Pilot Point include large apartment complexes or high rise apartments ( 8.88%), duplexes, homes converted to apartments or other small apartment buildings ( 6.24%), and a few mobile homes or trailers ( 4.89%).
The most prevalent building size and type in Pilot Point are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.53% owning and 41.47% renting.
There is a lot of housing in Pilot Point 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 Pilot Point built between 2000 and later ( 38.82%). A lesser amount of the housing stock also hails from before 1939 ( 10.51%). There's also some housing in Pilot Point built between 1940-1969 ( 6.46%).
In the last 10 years, Pilot Point has experienced some of the highest home appreciation rates of any community in the nation. Pilot Point real estate appreciated 123.77% over the last ten years, which is an average annual home appreciation rate of 8.39%, putting Pilot Point in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pilot Point 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, Pilot Point appreciation rates have trailed the rest of the nation. In the last twelve months, Pilot Point's appreciation rate has been 2.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pilot Point were at 1.89%, which equates to an annual appreciation rate of 7.76%.
Relative to Texas, our data show that Pilot Point's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$373,356
for Texas
for nation
1,706
$1,898 / per month