Housing

Vacancy - 16%

The Bryan-College Station, TX Market ranks 17th in Vacancy across STI Markets with a Vacancy rate of 16%. That is 46,978 Vacant Housing units compared to 246,252 Occupied units.

Ownership - 63.4%

Among Occupied Housing Units, 63.4% are Owner occupied versus 36.6% that are Renter Occupied. The Bryan-College Station, TX Market ranks 132nd in home ownership across STI Markets.

Vacany Ownership

Figure 53: Vacany Ownership

Vacancy & Ownership Comparison

The following chart compares the proportion of Housing Units that are vacant with the proportion of occupied housing that is owner occupied.

Vacancy and Ownership for STI Markets

Figure 54: Vacancy and Ownership for STI Markets

Average Home Value - $344,781

The Average Home Value for owner occupied housing units in the Bryan-College Station, TX Market is $344,781. This ranks 79th across STI Markets. Over the last 2 years there has been a change of 32.4% in this markets Average Home Value, compared to a national change of 5.1%. This 2 year change in home values ranks 29th across STI Markets.

Home Value 2year History

Figure 55: Home Value 2year History

Home Value Quarterly History from 2001

Home Value History

Figure 56: Home Value History

Home Value Distribution

Home Value Distribution

Figure 57: Home Value Distribution

Home Value Distribution Line

In the below chart the black line represents the nation and the multi-colored line represents the Bryan-College Station, TX Market. Data after 1 million is scaled by a factor of 1/5th.

Home Value Distribution Line

Figure 58: Home Value Distribution Line

Average Home Value by Census Tract

Home Value Thematic

Figure 59: Home Value Thematic

Mortgage Risk Level - Low

Mortgage Risk is defined as the ratio of recent residential loan amount to income for new home purchases. The Mortgage Risk for the Bryan-College Station, TX Market is 2.5. The market subsequently ranks 138th across STI Markets. This is considered to be a Low level of mortgage risk.

Affordability Level - Accessible

Overall Affordability can be classified in a similar fashion, comparing the Markets Average Home Value with the Average Household Income. This Affordability ratio currently sits at 4. The Bryan-College Station, TX Market therefore earns the Accessible classification for housing affordability and ranks 65th across STI Markets. The following chart shows how markets compare between these two measure. Note the breaks between affordability classifications are 3, 5, and 7.

Affordability Comparision

Figure 60: Affordability Comparision

STI Markets Comparison - Affordability Map

Affordability Market Map

Figure 61: Affordability Market Map