15
Jun

This is where home values have risen the most in Southeast Texas

Posted by T Bussinger. Posted in Front Page


By Elizabeth Robinson
Published 2:02 pm, Tuesday, May 17, 2016
Courtesy: Beaumont Enterprise


Last month, the Washington Post released an interactive map and series of articles illustrating uneven recovery in housing markets across America. The data of home values from Black Knight Financial Services spans from 2004-2015, offering a glimpse of American households before, during and after the recession.
 

Texas as a whole shows an increase in home values "better than most" of the United States. Meanwhile, home values in the eastern part of the country rose an "average" over a decade, and clusters near Chicago, the upper East Coast, Florida and California have fared "worse than most."
 

Though at unequal rates, the value of homes in Southeast Texas are all increasing. 
 

The zip code 77707 shows the smallest increase in home values at 18 percent, which is less than the average for the Beaumont-Port Arthur metro yet about in the middle of the national average. Home values in Beaumont and Port Arthur generally have risen the least. 
 

Areas in Hardin County, Mid-County and Orange County show bigger increases. 
 

Vidor and Kountze boast the biggest average increase in home values, with Vidor's 77662 zip code and Kountze's 77652 zip code each showing a 41 percent increase.
 

Home values in Lumberton, Groves, Nederland, Bridge City and parts of Orange have all risen at least 30 percent. 
 

Many Texas cities' populations have exploded, but the population in the Beaumont-Port Arthur metro hasn't increased. Still, real estate markets have shown steady progress and income increased the fifth most in the U.S. in 2015.