Saturday, November 11, 2006

Housing Report for College Station-Bryan

In College Station-Bryan, the census reported 83,603 housing units in the year 2005. This represents a medium-high growth level in the number housing units, adding a sum of 6,386 residential structures since 2001, a change of 8.3 percent.

College Station-Bryan may be described as having a medium proportion of high-valued homes. For the year 2005, the American Community Survey reported that 1.7 percent of the homes were valued over $500,000.

According to the data, there is a large amount of affordable housing in College Station-Bryan, Texas. In 2005, 58.2 percent of residential real estate was valued under $125,000.

The residential housing values in College Station-Bryan, Texas have seen small increases since their reported values in 2000. The values have increased by $9,200, or 9.6 percent, since 2000 when their medians were valued at $96,000.

When comparing areas across the State of Texas, College Station-Bryan stands 9 of the 25 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 92 of 361, comparing the percentage change in residential real estate in other US MSAs.

College Station-Bryan had an owner-occupied dwelling median in 2005 of $105,200, accounted by the American Community Survey. This is less than the State of Texas 2005 median home value of $106,000 and less than median home value of $167,500 for the rest of the nation in that year.

Data Source: U.S. Census Bureau

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