Corpus Christi appreciation rates and housing market information

Corpus Christi housing market information

With a population of 277,569, 107,842 total housing units (homes and apartments), and a median house value of $127,871, house prices in Corpus Christi are solidly below the national average.

single-family detached homes are the single most common housing type in Corpus Christi, accounting for 65.33% of the city's housing units. Other types of housing that are prevalent in Corpus Christi include large apartment complexes or high rise apartments (19.78%), duplexes, homes converted to apartments, or other small apartment buildings (8.29%), row houses and other attached homes (3.25%), and a few mobile homes or trailers (2.94%).

The most prevalent building size and type in Corpus Christi are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 54.63% owning, and 36.99% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Corpus Christi's housing was primarily built during this period, from the '40s through the '60s. A full 43.96% of the city's housing hails from this era. Other housing ages represented in Corpus Christi include homes built between 1970-1994 (43.82%), and housing constructed from 1995 and later (7.96%). There's also some housing in Corpus Christi built between 1939 and earlier (4.26%).

Corpus Christi home appreciation rates

Corpus Christi's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Corpus Christi during the period has been just 5.92%, which is lower than % of US communities.

Appreciation rates are so strong in Corpus Christi that despite a nationwide downturn in the housing market, Corpus Christi real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Corpus Christi appreciation rates continue to be some of the highest in America, at 3.83%, which is higher than appreciation rates in 82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Corpus Christi. Corpus Christi appreciation rates in the latest quarter were at 2.97%, which equates to an annual appreciation rate of 11.88%.

Importantly, this makes Corpus Christi one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Corpus Christi's latest annual appreciation rate is higher than 55% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Corpus Christi differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Corpus Christi - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Corpus Christi real estate investment or home purchase decisions.