Wells Branch, TX Real Estate
According to census data in the year 2000 there were 5,598 housing units in Wells Branch.
This represents a 43.8% growth from 3,894 in 1990.
Of those housing units, 5,598 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Wells Branch is about 32.6%.
Wells Branch's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.06 people.
The majority of houses, apartments or condos in Wells Branch were built after 1989.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.40% |
| One Bedroom | 40.70% |
| Two Bedrooms | 21.30% |
| Three Bedrooms | 24.30% |
| Four Bedrooms | 7.40% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1987 |
| Median Value of occupied units | $119,300 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.7 |
| Median year structure was built | 1990 |
| Median Monthly Rent asked for vacant units | $795 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 5% |
| Simple Mortgage | 82.10% |
| Debt Free | 5.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
