Aledo, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Aledo, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aledo Housing Market Information

With 3,412 people, 899 houses or apartments, and a median cost of homes of $336,913, Aledo house prices are not only among the most expensive in Texas, Aledo real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Aledo, accounting for 88.35% of the city's housing units. Other types of housing that are prevalent in Aledo include mobile homes or trailers ( 11.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Aledo. Owner-occupied housing accounts for 80.53% of Aledo's homes, and 92.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Aledo built from 1970 to 1999 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 Aledo built between 2000 and later ( 39.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.81%).

Aledo Home Appreciation Rates

In the last 10 years, Aledo has experienced some of the highest home appreciation rates of any community in the nation. Aledo real estate appreciated 30.70% over the last ten years, which is an average annual home appreciation rate of 2.71%, putting Aledo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aledo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Aledo that despite a nationwide downturn in the housing market, Aledo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aledo appreciation rates continue to be some of the highest in America, at 8.20%, which is higher than appreciation rates in 87.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aledo. Aledo appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

Importantly, this makes Aledo 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 Aledo's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$336,913

Aledo, TX HOME PRICES

Value Range
> $1,235,000 1.1
$926,001 - $1,235,000 1.9
$617,001 - $926,000 5.9
$494,001 - $617,000 11.3
$370,001 - $494,000 20.9
$247,001 - $370,000 26.8
$123,001 - $247,000 22.8
$62,001 - $123,000 4.0
$0 - $62,000 5.3

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
13.1489511309036 5.25291828793774

Number Of Homes And Apartments:
899

Aledo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
54.79% 2.57% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,864 / per month

Homeownership Rate

Homeownership
Owners 80.53
Renters 19.47
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Aledo HOMES
2000 or Newer 39.7
1970 - 1999 48.8
1940 - 1969 10.8
1939 or Older 0.7

Types of Homes

TYPE OF Aledo HOMES
Single-Family 88.4
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 11.6
Other 0.0

Home Size

SIZE OF Aledo HOMES
No Bedroom 0.21
1 Bedroom 0.00
2 Bedrooms 6.51
3 Bedrooms 62.22
4 Bedrooms 29.80
5 or more bedrooms 1.26

Popular Neighborhoods in Aledo

Zip Codes in Aledo, TX