Waco, TX - House Price Index (HPI)
Waco Real Estate Market - Home Price Forecast
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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.  Real estate forecasts, analysis, statistics and
appreciation rates are provided below.
10
Waco Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  2846.56
3rd Quarter, 2018 Housing Statistics: Waco, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

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 2019 is UP. The Accuracy of the Trend
Projection for Waco is 82%. In other words, when tested against historical data,
the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Waco is 82% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Waco Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Waco housing market for the 3 years ending
with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend Prediction for
Waco is 87%. In other words, when tested against historical data, the
forecasting methodology was correct 87% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Waco is 87% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Waco Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Waco, Texas


Historical Home Price Appreciation
Last Quarter                         1.01%
Last Year                              8.6%
Last 5 Years                         35%
Last 10 Years                       46%
Last 20 Years                       117%



Annual Home Price Appreciation Rates
1988      -4.92%
1989      -0.69%
1990      1.56%
1991      1.19%
1992      5.70%
1993      3.47%
1994      -1.45%
1995      9.53%
1996      -0.11%
1997      3.18%
1998      4.72%
1999      4.04%
2000      2.94%
2001      5.96%
2002      4.13%
2003      3.85%
2004      6.65%
2005      6.64%
2006      -1.74%
2007      6.23%
2008      0.45%
2009      1.65%
2010      0.82%
2011      1.55%
2012      0.28%
2013      2.30%
2014      3.85%
2015      3.84%
2016      6.91%
2017      8.69%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.01%         Rank: 245 of 381 (35th Percentile)
Last Year  . . . . . . . . . . . . . . . .  8.6%           Rank: 82 of 381 (78th Percentile)
Last 5 Years                              35%            Rank: 106 of 381 (72nd Percentile)
Last 10 Years  . . . . . . . . . . . .   46%            Rank: 27 of 381 (93rd Percentile)
Last 20 Years                            117%          Rank: 99 of 379 (74th Percentile)


The change in home prices for Waco, TX are shown above for five time periods.
For example: Waco appreciated 1.01% in the Last Quarter. At that rate, the
Waco Real Estate Market was ranked 245th out of 381 metropolitan Real
Estate Markets. Waco was in the 35th percentile. So Waco, TX performed
better in the Last Quarter than 35% of the 381 metropolitan areas covered in
LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Waco, Texas

The all time high in the Waco Home Price Index was 236.7 in the 3rd Quarter, of
2018.  The Home Price Index indicates that the Waco Market is up 46% over
the last 10 years. Home prices in the Waco Real Estate Market have gained
8.63% over the last 12 months. Over the last thirty years, it is up 171%.

The 3rd Quarter index value was 2.37 points higher than the 2nd Quarter, 2018
index value of 234.33, resulting in a 1.01% rise in the 3rd Quarter for the Waco
Market.

The Waco Home Price Index has increased for the last 7 consecutive quarters.
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 29
consecutive quarters. The current record holders for consecutive declines in
the Home Price Index are Winchester, VA; Trenton, NJ; Peoria, IL; Great Falls,
MT and Fayetteville, NC, with declines in the last 2 consecutive quarters.

The highest annual change in the value of houses in the Waco Real Estate
Market was 12% in the twelve months ended with the 1st Quarter of 2018. The
worst annual change in home values  in the Waco Market was -11% 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 28% in the three years ended with the 2nd Quarter of
2018. 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, 2018 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 2018, Waco Home Prices had a rank of 245, with
appreciation of 1.01%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Waco Home Prices had a rank of 82, with
appreciation during the year of 8.63%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Waco Home Prices
ranked 106, with a total appreciation of 35.4%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Waco Home Prices had
a rank of 27, with appreciation during the decade of 46%. The top performing
market during the period was Denver, CO, with a rise of 83%. The worst real
estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Waco Home Prices had
a rank of 99, with total growth over the 20 year period of 117%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Friday, February 1, 2019.
SignalTrend  Inc. 2008 - 2019; All rights reserved.




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