Waco, TX - House Price Index (HPI)
Waco Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Waco, TX single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Friday, July 24, 2015. Real estate forecasts,
analysis, statistics and appreciation rates are provided below.
10
Waco Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18800
3rd Quarter, 2014 Housing Statistics: Waco, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:      DOWN
Forecast Accuracy:      75%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Waco housing market for the 12
months ending with the 3rd Quarter of 2015 is DOWN. The Accuracy of the
Trend Projection for Waco is 75%. In other words, when tested against
historical data, the forecasting methodology was correct 75% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for falling house
prices in Waco is 75% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 3rd Quarter of 2015 than they were in
the 3rd Quarter of 2014. Check this page each quarter for updates to the Waco
Real Estate Market Forecast.


3 Year Forecast:          DOWN
Forecast Accuracy:      85%

The forecast for the trend in the Waco housing market for the 3 years ending
with the 3rd Quarter of 2017 is DOWN. The Accuracy of the Trend Prediction
for Waco is 85%. In other words, when tested against historical data, the
forecasting methodology was correct 85% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for falling house prices in
Waco is 85% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Waco Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Waco, Texas


Historical Home Price Appreciation
Last Quarter                         0.18%
Last Year                              -0.6%
Last 5 Years                         5%
Last 10 Years                       22%
Last 20 Years                       77%
Decline From All Time High   0.87%


Annual Home Price Appreciation Rates
1984        n/a
1985        n/a
1986        n/a
1987      -5.01%
1988      -2.15%
1989      -0.36%
1990      1.35%
1991      1.39%
1992      5.15%
1993      3.38%
1994      -1.12%
1995      9.01%
1996      0.78%
1997      2.83%
1998      4.71%
1999      3.86%
2000      2.82%
2001      6.07%
2002      4.15%
2003      3.67%
2004      6.60%
2005      6.62%
2006      -1.74%
2007      6.30%
2008      0.05%
2009      1.89%
2010      0.83%
2011      2.05%
2012      0.00%
2013      1.78%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.18%         Rank: 308 of 381 (19th Percentile)
Last Year  . . . . . . . . . . . . . . . .  -0.6%          Rank: 367 of 381 (3rd Percentile)
Last 5 Years                              5%              Rank: 128 of 381 (66th Percentile)
Last 10 Years  . . . . . . . . . . . .   22%            Rank: 87 of 381 (77th Percentile)
Last 20 Years                            77%            Rank: 178 of 378 (53rd Percentile)
Decline From All Time High        0.87%

The change in home prices for Waco, TX are shown above for five time periods.
For example: Waco appreciated 0.18% in the Last Quarter. At that rate, the
Waco Real Estate Market was ranked 308th out of 381 metropolitan Real
Estate Markets. Waco was in the 19th percentile. So Waco, TX performed
better in the Last Quarter than 19% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Waco, Texas

The all time high in the Waco Home Price Index was 176.3 in the 1st Quarter, of
2014. The 3rd Quarter, 2014 index value was 174.7. That's a decline of 1.53
points or 0.87% below the Waco Home Price Index all time high.  The Home
Price Index indicates that the Waco Market is up 22% over the last 10 years.
Home Prices in the Waco Real Estate Market have lost 0.65% over the last 12
months.

The 3rd Quarter index value was 0.32 points higher than the 2nd Quarter, 2014
index value of 174.40, resulting in a 0.18% rise in the 3rd Quarter for the Waco
Market.

The Waco Home Price Index increased in the last quarter after falling in the
previous quarter. The current record holders for consecutive increases in the
Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 13 consecutive quarters. The current record holder for
consecutive declines in the Home Price Index is Terre Haute, IN, with declines in
the last 3 consecutive quarters.

The highest annual change in the value of houses in the Waco Real Estate
Market was 9% in the twelve months ended with the 4th Quarter of 1995. The
worst annual change in home values  in the Waco Market was -10% in the
twelve months ended with the 2nd Quarter of 1988.

The highest growth in home values in the Waco Real Estate Market over a
three year period was 18% in the three years ended with the 2nd Quarter of
2003. The worst performance over a three year period in the Waco Market was
-9% in the three years ended with the 3rd Quarter of 1990.

This page provides a long term graph of the Waco Home Price Index (above).
For information about Texas home values, click Real Estate Market Forecasts
in the navigation bar at the top of this page.  You'll see long term charts and
analysis that will provide tremendous insight into the historical trends of
residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Waco Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Waco Market. The terms House Price Index and Home Price Index, as used
in this site, refer to the Federal Housing Finance Agency (FHFA) House Price
Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Waco Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2014 Housing Data: Waco, Texas

The trend of Waco Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 3rd Quarter of 2014, Waco Home Prices had a rank of 308, with
appreciation of 0.18%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Waco Home Prices had a rank of 367, with
appreciation during the year of -0.65%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Waco Home Prices
ranked 128, with a total appreciation of 4.9%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Waco Home Prices had
a rank of 87, with appreciation during the decade of 22%. The top performing
market during the period was Midland, TX, with a rise of 129%. The worst real
estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Waco Home Prices had
a rank of 178, with total growth over the 20 year period of 77%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Waco Real Estate
Market is available back to the 2nd Quarter, of 1986. All calculations are based
on the quarterly value of the House Price Index for Waco. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)





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