Facts About Killeen, TX Real Estate Market
Killeen, TX, offers a growing real estate market catering to a diverse range of buyers and renters. Known for its proximity to Fort Cavazos (formerly Fort Hood), Killeen attracts military families, professionals, and first-time buyers seeking affordable housing options. Here’s an in-depth look at key real estate facts and figures:
- Median Listing Home Price: The median price for homes currently listed in Killeen is approximately $230,000, making it an affordable option compared to larger Texas cities.
- Median Days on Market: Homes in Killeen spend an average of 45 days on the market, reflecting a moderately competitive market.
- Median Listing Home Price Per Square Foot: The median price per square foot for listings in Killeen is $125, offering value for budget-conscious buyers.
- Active Listings: Killeen typically has around 1,500 active listings, including single-family homes, townhouses, and new constructions.
- Median Rent: The median monthly rent in Killeen is $1,200, making it attractive to renters, particularly military personnel and their families.
Why Buy a Home in Killeen, TX?
Killeen combines affordability, a family-friendly environment, and a steady job market, driven by its connection to Fort Cavazos. It’s an excellent choice for first-time homebuyers, military families, and investors seeking rental properties. Whether you’re looking for a starter home, a spacious family house, or an investment property, Killeen offers something for everyone.
Top Features of Homes in Killeen
- Affordable Options: Killeen is known for offering affordable housing, making it accessible for a wide range of buyers.
- Diverse Styles: Homes range from modern new constructions to traditional ranch-style properties.
- Family-Oriented Communities: Many neighborhoods feature parks, playgrounds, and family-friendly amenities.
- Proximity to Fort Cavazos: A major draw for military families due to its short commute and support services.
Real Estate Market Trends in Killeen
- Stable Home Values: Killeen’s affordability and steady demand help maintain stable home values, making it a safe investment.
- Military-Driven Demand: A significant portion of the housing market caters to military personnel and their families, ensuring a consistent pool of renters and buyers.
- New Construction: Builders are adding affordable, modern homes to meet the growing demand, particularly in suburbs and outlying areas.
- Strong Rental Market: The proximity to Fort Cavazos and local universities fuels a robust rental market.
Tips for Buying a Home in Killeen
- Work with a Local Agent: An experienced Killeen real estate agent can guide you through the market’s unique dynamics.
- Get Pre-Approved: Strengthen your buying position by securing pre-approval for a mortgage.
- Explore Neighborhoods: Visit areas like Yowell Ranch, White Rock Estates, or The Ridge for diverse options.
- Consider Resale Value: Homes near schools, parks, and shopping centers tend to hold their value better.
Explore Killeen Neighborhoods
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Yowell Ranch
- Who It’s For: Families seeking newer homes and community amenities.
- Features: Modern homes, walking trails, and a community pool.
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White Rock Estates
- Who It’s For: Professionals and military families looking for spacious homes.
- Features: Large lots, proximity to schools, and a quiet atmosphere.
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The Ridge at Stillhouse Lake
- Who It’s For: Nature lovers and those seeking a peaceful lifestyle.
- Features: Stunning lake views, custom-built homes, and outdoor recreation opportunities.
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Willow Ridge
- Who It’s For: Budget-conscious buyers seeking convenience and comfort.
- Features: Affordable homes, established neighborhoods, and proximity to shopping centers.
Related Resources
- Home Buying Guide: A step-by-step guide for first-time buyers in Killeen.
- Fort Cavazos Relocation Guide: Essential tips for military families moving to Killeen.
- Killeen Real Estate Market Trends: Stay updated on the latest developments in the market.
Top Neighborhoods in Killeen, TX
| Neighborhood | Average Home Price | School Rating | Crime Rate | Local Amenities |
|---|---|---|---|---|
| Harker Heights | $275,000 | 8 | Low | Shopping, Dining, Parks |
| Copperas Cove | $190,000 | 7 | Moderate | Community Events, Parks |
| Florence | $250,000 | 7 | Low | Rural Living, Spacious Lots |
| Trimmier Estates | $230,000 | 6 | Moderate | Close to Shopping Centers |
| Bridgewood | $210,000 | 7 | Moderate | Family Friendly, Parks |
| Yowell Ranch | $220,000 | 8 | Low |
Pools, Trails, Dog Park |
Schools in Killeen, TX
Elementary Schools
| School Name | Address | Student-Teacher Ratio | Total Students | Great Schools Rating |
|---|---|---|---|---|
| Clear Creek Elementary | Clear Creek Rd, Killeen, TX | 15:1 | 500 | 7 |
| Hay Branch Elementary | Hay Branch Ln, Killeen, TX | 14:1 | 450 | 6 |
Middle Schools
| School Name | Address | Student-Teacher Ratio | Total Students | Great Schools Rating |
|---|---|---|---|---|
| Liberty Hill Middle | Liberty Hill Dr, Killeen, TX | 15:1 | 600 | 7 |
| Palo Alto Middle | Palo Alto Dr, Killeen, TX | 16:1 | 550 | 6 |
High Schools
| School Name | Address | Student-Teacher Ratio | Total Students | Great Schools Rating |
|---|---|---|---|---|
| Ellison High School | Ellison Dr, Killeen, TX | 17:1 | 2200 | 7 |
| Harker Heights High | Harker Heights St, Killeen, TX | 16:1 | 2000 | 8 |
FAQs About Buying a Home in Killeen, TX
What is the median home price in Killeen, TX?
The median home price in Killeen is approximately $230,000, offering affordability compared to other Texas cities.
How long do homes typically stay on the market in Killeen?
Homes in Killeen spend an average of 45 days on the market, though desirable properties may sell faster.
What are the most popular neighborhoods for homebuyers in Killeen?
Popular neighborhoods include Yowell Ranch, White Rock Estates, and The Ridge at Stillhouse Lake.
Is Killeen a good place to invest in rental properties?
Yes, the strong demand from military personnel and families makes Killeen an excellent location for rental property investments.
Are there new construction homes in Killeen?
Yes, Killeen offers new construction homes with modern features, particularly in suburbs like Yowell Ranch.
What should I consider when buying a home near Fort Cavazos?
Consider proximity to base gates, commute times, and neighborhoods with military-friendly amenities.
How competitive is the Killeen real estate market?
Killeen’s market is moderately competitive, with homes selling within 45 days on average.
What are property tax rates in Killeen, TX?
Property tax rates in Killeen average around 2.3%, depending on the area.
Is it better to rent or buy in Killeen?
With low home prices and strong rental demand, buying is a great option for long-term value, while renting may suit those with shorter stays.
Do I need a real estate agent to buy a home in Killeen?
While not required, working with a local agent can streamline the process and help you find the best deals.