Alvarado, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Alvarado, 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

Alvarado Housing Market Information

With a population of 4,015, 1,400 total housing units (homes and apartments), and a median house value of $110,243, house prices in Alvarado are solidly below the national average.

Single-family detached homes are the single most common housing type in Alvarado, accounting for 75.08% of the city's housing units. Other types of housing that are prevalent in Alvarado include mobile homes or trailers ( 9.18%), duplexes, homes converted to apartments or other small apartment buildings ( 8.91%), and a few large apartment complexes or high rise apartments ( 6.03%).

The most prevalent building size and type in Alvarado are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.55% owning and 40.45% renting.

There is a lot of housing in Alvarado 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 Alvarado built between 1940-1969 ( 32.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.21%). There's also some housing in Alvarado built before 1939 ( 4.76%).

Alvarado Home Appreciation Rates

In the last 10 years, Alvarado has experienced some of the highest home appreciation rates of any community in the nation. Alvarado real estate appreciated 33.36% over the last ten years, which is an average annual home appreciation rate of 2.92%, putting Alvarado in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alvarado 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 Alvarado that despite a nationwide downturn in the housing market, Alvarado real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alvarado appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 87.66% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alvarado. Alvarado appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.

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

Average Home Values

 

Median Home Value:
$110,243

Alvarado, TX HOME PRICES

Value Range
> $1,245,000 0.0
$933,001 - $1,245,000 0.0
$622,001 - $933,000 0.3
$498,001 - $622,000 0.8
$373,001 - $498,000 4.2
$249,001 - $373,000 8.8
$125,001 - $249,000 28.6
$62,001 - $125,000 46.0
$0 - $62,000 11.3

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.2762217274112 56.420233463035

Number Of Homes And Apartments:
1,400

Alvarado 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
84.06% 3.60% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,067 / per month

Homeownership Rate

Homeownership
Owners 59.55
Renters 40.45
Vacant 6.23

Housing Market Details

 

Age of Homes

AGE OF Alvarado HOMES
2000 or Newer 16.2
1970 - 1999 46.2
1940 - 1969 32.8
1939 or Older 4.8

Types of Homes

TYPE OF Alvarado HOMES
Single-Family 75.1
Townhomes 0.8
Small Apt. Buildings 8.9
Apt. Complexes 6.0
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Alvarado HOMES
No Bedroom 1.54
1 Bedroom 7.97
2 Bedrooms 23.31
3 Bedrooms 54.45
4 Bedrooms 8.37
5 or more bedrooms 4.35

Popular Neighborhoods in Alvarado

Zip Codes in Alvarado, TX