Alice, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Alice Neighborhoods Since 2000




Alice, 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

Alice Housing Market Information

With 19,408 people, 6,651 houses or apartments, and a median cost of homes of $72,872, house prices in Alice 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 Alice, accounting for 77.03% of the city's housing units. Other types of housing that are prevalent in Alice include duplexes, homes converted to apartments or other small apartment buildings ( 9.55%), large apartment complexes or high rise apartments ( 9.45%), and a few mobile homes or trailers ( 2.62%).

The most prevalent building size and type in Alice are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.13% owning and 42.87% 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. Alice's housing was primarily built during this period, from the '40s through the '60s. A full 44.78% of the city's housing hails from this era. Other housing ages represented in Alice include homes built between 1970-1999 ( 41.57%) and housing constructed between 2000 and later ( 8.97%). There's also some housing in Alice built before 1939 ( 4.68%).

Alice Home Appreciation Rates

In the last 10 years, Alice has experienced some of the highest home appreciation rates of any community in the nation. Alice real estate appreciated 22.01% over the last ten years, which is an average annual home appreciation rate of 2.01%, putting Alice in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alice definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Alice appreciation rates have trailed the rest of the nation. In the last twelve months, Alice's appreciation rate has been -1.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alice were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Alice's latest annual appreciation rate is lower than 90% 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 Alice differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alice - 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 2000, to assist you in making the best Alice real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$72,872

Alice, TX HOME PRICES

Value Range
> $1,057,000 0.0
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.5
$423,001 - $529,000 0.2
$317,001 - $423,000 2.5
$211,001 - $317,000 7.3
$105,001 - $211,000 25.6
$53,001 - $105,000 30.4
$0 - $53,000 33.4

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
94.0290636352982 88.0350194552529

Number Of Homes And Apartments:
6,651

Alice 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
54.29% 2.55% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,024 / per month

Homeownership Rate

Homeownership
Owners 57.13
Renters 42.87
Vacant 8.36

Housing Market Details

 

Age of Homes

AGE OF Alice HOMES
2000 or Newer 9.0
1970 - 1999 41.6
1940 - 1969 44.8
1939 or Older 4.7

Types of Homes

TYPE OF Alice HOMES
Single-Family 77.0
Townhomes 1.4
Small Apt. Buildings 9.5
Apt. Complexes 9.5
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Alice HOMES
No Bedroom 1.85
1 Bedroom 7.45
2 Bedrooms 32.14
3 Bedrooms 46.31
4 Bedrooms 10.82
5 or more bedrooms 1.43