Yoakum appreciation rates and housing market information

Yoakum housing market information

With 5,677 people, 2,534 houses or apartments, and a median cost of homes of $86,858,

single-family detached homes are the single most common housing type in Yoakum, accounting for 80.86% of the city's housing units. Other types of housing that are prevalent in Yoakum include mobile homes or trailers (8.09%), duplexes, homes converted to apartments, or other small apartment buildings (4.89%), large apartment complexes or high rise apartments (3.43%), and a few row houses and other attached homes (2.72%).

Dwellings in Yoakum tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 55.64% of the homes in Yoakum have two or fewer bedrooms.

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. Yoakum's housing was primarily built during this period, from the '40s through the '60s. A full 46.65% of the city's housing hails from this era. Other housing ages represented in Yoakum include homes built between 1970-1994 (32.64%), and housing constructed from 1939 and earlier (16.96%). There's also some housing in Yoakum built between 1995 and later (3.75%).

Vacant housing appears to be an issue in Yoakum. Fully 14.36% of the housing stock is classified as vacant. Left unchecked, vacant Yoakum homes and apartments can be a drag on the real estate market, holding Yoakum 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.

Yoakum home appreciation rates

Real estate appreciation rates in Yoakum have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.34% during the period.

Appreciation rates are so strong in Yoakum that despite a nationwide downturn in the housing market, Yoakum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yoakum appreciation rates continue to be some of the highest in America, at 4.81%, which is higher than appreciation rates in 89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yoakum. Yoakum appreciation rates in the latest quarter were at 0.38%, which equates to an annual appreciation rate of 1.52%.

Relative to Texas, our data show that Yoakum's latest annual appreciation rate is higher than 71% of the other cities and towns in Texas.