Killeen real estate market overview
- Average Monthly Rent: $650
- Home Price/Value Percentage Change: 8.70%
- Median Home Value: $222,181
- Best Time To Sell a Home: April
- Affordability Index: Moderate
- Days To Sell a House: 72
- Job Market: Fair
- Public School Ranking: 27
Location and weather
Killeen is located in central Texas and is the home of one of the largest military bases in the country; Fort Hood. This city consists of rolling hills, dense forests, and is often called "K-Town" by its local residents. Killeen is full of parks, recreation centers for sports, museums, biking trails and aquatic centers, offering the ideal environment for families and those who enjoy the outdoors.
Warm weather makes these types of activities all the more possible, as Killeen is hot the majority of the year. Winters can reach lower temperatures in the 30s, and there is some rain year-round as well.
Population, job market and cost of living
Killeen's population is 160,646, with a growth rate of 1.59% annually.
The job market has decreased by -2.75% over the last year. In ten years, job growth is predicted to be 35.64%. Fort Hood has had a huge economic impact for this city's economy bringing in billions of dollars in GDP and supporting around 60,000 jobs for residents. Killeen Independent School District, Central Texas College, AdventHealth Central Texas, Seton Medical Center Harker Heights and Texas A&M University—Central Texas also employ a large portion of the population.
This is an affordable city to live in, with average housing costs standing at almost half of the Texas overall average housing cost.
Killeen real estate market details
- South Meadows
- Purser Crossing
- Timber Ridge Estates
There has been a 8.7% increase in Killeen's median home value over the last year. As of 2023, the median home value is $222,181.
The best time to sell a home for the most amount of money is during April. The best time to sell a home in the shortest amount of time is during October.
The affordability index in Killeen is 80. This number indicates moderate affordability in this city.
The top ranked public schools are Cedar Valley Elementary School, Alice W Douse Elementary School, Clifton Park Elementary School, Saegert Elementary School, Dr. Joseph A Fowler Elementary School and Liberty Hill Middle School. This information is based on the school's combined math and reading proficiency data in testing.