Last week, I dug into some Killeen neighborhoods that flippers and wholesellers might consider exploring. Now let’s check out Harker Heights!
I also went over last week the several reasons why Killeen flippers and wholesellers face headwinds. Many of those same headwinds apply to Harker Heights. There are still builders galore, the average year homes were built are even more recent than Killeen, and the VA loan is no less common.
However the price points are also higher, and there are more “older” communities that still have great resale value and opportunities for flippers to “upgrade into equity”.
Many of these Harker Heights neighborhoods are clustered together on the south side of Hwy 190 between Indian Trail and Old Nolanville Rd (Briarwood, Sun Meadows, Sutton Place, and Tanglewood Nort). Note that the price ranges include the full spectrum that homes sold for in the neighborhood in 2015 (i.e. including foreclosure sales).
Briarwood
2015 Stats
| Price Range | Median Price | Median DOM | # Sold | # Foreclosures |
|---|---|---|---|---|
| $137,000 – $197,500 | $170,250 | 105 | 10 | 0 |
Briarwood is a small neighborhood on the edge of Harker Heights and Nolanville that features one and two story homes built in the mid-1990s. It is a tiny neighborhood but worth a stop if you are out looking for slightly aged homes in higher dollar communities that might make a good flip!
[wpgmza id=”9″]
Highland Oaks
2015 Stats
| Price Range | Median Price | Median DOM | # Sold | # Foreclosures |
|---|---|---|---|---|
| $64,000 – $178,000 | $149,500 | 108 | 11 | 1 |
Highland Oaks is an older, established neighborhood on the north side of Harker Heights. It is a golf course community adjacent Stonetree Golf Course and the Skylark Field airfield. Homes were built in the 1970s and 1980s, and it has a fairly diverse selection of homes between 1800 and 2700 sq. ft. It is definitely a neighborhood I would include in my investor prospecting.
[wpgmza id=”12″]
“Old” Skipcha Mountain Estates
2015 Stats
| Price Range | Median Price | Median DOM | # Sold | # Foreclosures |
|---|---|---|---|---|
| $88,000 – $165,000 | $133,000 | 104 | 18 | 2 |
Skipcha Mountain Estates is the largest neighborhoods in Harker Heights, and they were building it for a long time. Most of the neighborhood is built more recently (mid-2000s), however the neighborhood began in the mid-’90s. Most homes are one story with anywhere from 1400 to 2600 sq. ft. Note that the stats above are only for this corner of the neighborhood, not the neighborhood as a whole.
[wpgmza id=”11″]
Sun Meadows
2015 Stats
| Price Range | Median Price | Median DOM | # Sold | # Foreclosures |
|---|---|---|---|---|
| $105,500 – $175,000 | $145,000 | 104 | 9 | 1 |
Sun Meadows is a wooded community surrounding the Peloton Ridge Country Club. It is also an established community with low turnover. Homes are single story homes between 1600 – 2400 sq. ft. and built mostly in the mid to late 1980s.
[wpgmza id=”8″]
Sutton Place
2015 Stats
| Price Range | Median Price | Median DOM | # Sold | # Foreclosures |
|---|---|---|---|---|
| $152,000 – $225,000 | $212,500 | 115 | 8 | 0 |
Sutton Place is the priciest neighborhood in the Fort Hood area to make my lists (Killeen and Copperas Cove included), and the only one with a 2015 median sales price over $200,000. Homes are between 1700 and 2400 sq. ft., with gorgeously large lots, and mostly built in the mid to late ’90s (though some homes are built even more recently than that). In the outside chance you can land a distressed seller, you’ll be doing fine in this neighborhood.
[wpgmza id=”10″]
Tanglewood Nort
2015 Stats
| Price Range | Median Price | Median DOM | # Sold | # Foreclosures |
|---|---|---|---|---|
| $110,000 – $177,900 | $146,000 | 111 | 10 | 0 |
Tanglewood Nort is square in the area of Harker Heights I would start “driving for dollars” if I were prospecting for wholesales or flips. The neighborhood features a diverse selection of homes, both one and two stories, 1400 – 2700 sq. ft. and built anywhere from the late ’70s to the early ’90s. It is also in one of the best areas for anyone looking for mature trees. Some lots feel more like Oregon than they do Texas Hill Country. Great for curb appeal!
[wpgmza id=”7″]
Even more so than the Killeen neighborhoods, these tend to be neighborhoods with low turnover.
Still looking for more options? Next week, I will do the same analysis for Copperas Cove, TX – another diverse community with potential for flippers.
If you are a Killeen investor looking for an investor friendly agent, please reach out to me at (512) 763-7912 or brian@starpointerealty.com.
Questions, ideas, feedback or experiences flipping or wholeselling in Harker Heights? Please share in the comments!