San Juan appreciation rates and housing market information

San Juan housing market information

With a population of 26,107, 7,745 total housing units (homes and apartments), and a median house value of $65,848, house prices in San Juan are some of the most affordable in Texas as well as the nation.

single-family detached homes are the single most common housing type in San Juan, accounting for 68.46% of the city's housing units. Other types of housing that are prevalent in San Juan include mobile homes or trailers (20.41%), row houses and other attached homes (3.36%), duplexes, homes converted to apartments, or other small apartment buildings (3.02%), and a few large apartment complexes or high rise apartments (3.00%).

Dwellings in San Juan tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 51.44% of the homes in San Juan have two or fewer bedrooms.

There is a lot of housing in San Juan built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in San Juan built from 1995 and later (23.24%). A lesser amount of the housing stock also hails from 1940-1969 (13.79%), and some were built from 1939 and earlier (13.79%).

Vacant housing appears to be an issue in San Juan. Fully 14.59% of the housing stock is classified as vacant. Left unchecked, vacant San Juan homes and apartments can be a drag on the real estate market, holding San Juan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

San Juan home appreciation rates

San Juan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in San Juan during the period has been just 5.68%, which is lower than % of US communities.

Appreciation rates are so strong in San Juan that despite a nationwide downturn in the housing market, San Juan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Juan appreciation rates continue to be some of the highest in America, at 2.87%, which is higher than appreciation rates in 73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Juan. San Juan appreciation rates in the latest quarter were at 2.64%, which equates to an annual appreciation rate of 10.56%.

Importantly, this makes San Juan 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 San Juan's latest annual appreciation rate is higher than 38% of the other cities and towns in Texas.