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Aledo, TX Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Aledo, TX Housing Market Trends

With 4,858 people, 1,564 houses or apartments, and a median cost of homes of $529,356, 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 88.81% of the city's housing units. Other types of housing that are prevalent in Aledo include mobile homes or trailers ( 8.48%), duplexes, homes converted to apartments or other small apartment buildings ( 1.20%).

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 89.26% of Aledo's homes, and 87.12% have either three or four bedrooms, which is average sized relative to America.

Aledo homes and real estate are some of the newest in America. 57.04% of Aledo's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Aledo real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.94%), and between 1940-1969 ( 5.11%).

Aledo Home Appreciation Rates

Appreciation rates for homes in Aledo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.46%, which ranks in the top 30% nationwide. This equates to an annual average Aledo house appreciation rate of 7.15%.

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 21.34%, which is higher than appreciation rates in 87.34% 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 5.70%, which equates to an annual appreciation rate of 24.83%.

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 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$529,356

Aledo, TX HOME PRICES

> $1,511,000
$1,133,001 - $1,511,000
$755,001 - $1,133,000
$604,001 - $755,000
$453,001 - $604,000
$302,001 - $453,000
$151,001 - $302,000
$76,001 - $151,000
$0 - $76,000
0.2%
0.2%
3.6%
3.6%
12.2%
12.2%
21.4%
21.4%
22.9%
22.9%
19.0%
19.0%
14.0%
14.0%
3.2%
3.2%
3.5%
3.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
1,564

Aledo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
134.47% 3.86%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,294 / per month

Homeownership Rate

Owners
Renters
Vacant
89.3%
89.3%
10.7%
10.7%
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.0%
57.0%
36.9%
36.9%
5.1%
5.1%
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
88.8%
88.8%
0.5%
0.5%
1.2%
1.2%
1.0%
1.0%
8.5%
8.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.1%
1.1%
5.4%
5.4%
47.3%
47.3%
39.8%
39.8%
6.4%
6.4%
0.0% 100.0%
% OF HOMES