Alvin, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Alvin Neighborhoods Since 2000




Alvin, 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

Alvin Housing Market Information

With a population of 25,791, 8,876 total housing units (homes and apartments), and a median house value of $125,053, house prices in Alvin are solidly below the national average.

Single-family detached homes are the single most common housing type in Alvin, accounting for 54.77% of the city's housing units. Other types of housing that are prevalent in Alvin include large apartment complexes or high rise apartments ( 21.53%), mobile homes or trailers ( 13.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.18%).

The most prevalent building size and type in Alvin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.71% owning and 39.29% renting.

There is a lot of housing in Alvin 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 Alvin built between 1940-1969 ( 31.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.91%). There's also some housing in Alvin built before 1939 ( 3.53%).

Alvin Home Appreciation Rates

In the last 10 years, Alvin has experienced some of the highest home appreciation rates of any community in the nation. Alvin real estate appreciated 24.67% over the last ten years, which is an average annual home appreciation rate of 2.23%, putting Alvin in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Alvin 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 Alvin that despite a nationwide downturn in the housing market, Alvin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alvin appreciation rates continue to be some of the highest in America, at 9.25%, which is higher than appreciation rates in 91.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alvin. Alvin appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

Relative to Texas, our data show that Alvin's latest annual appreciation rate is higher than 80% 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 Alvin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alvin - 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 Alvin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$125,053

Alvin, TX HOME PRICES

Value Range
> $1,252,000 0.1
$939,001 - $1,252,000 0.1
$626,001 - $939,000 0.8
$501,001 - $626,000 0.4
$375,001 - $501,000 2.6
$250,001 - $375,000 7.4
$125,001 - $250,000 43.4
$63,001 - $125,000 31.2
$0 - $63,000 14.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
62.5512715340443 46.4980544747082

Number Of Homes And Apartments:
8,876

Alvin 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
59.87% 2.76% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$987 / per month

Homeownership Rate

Homeownership
Owners 60.71
Renters 39.29
Vacant 7.67

Housing Market Details

 

Age of Homes

AGE OF Alvin HOMES
2000 or Newer 20.9
1970 - 1999 43.7
1940 - 1969 31.9
1939 or Older 3.5

Types of Homes

TYPE OF Alvin HOMES
Single-Family 54.8
Townhomes 2.1
Small Apt. Buildings 7.2
Apt. Complexes 21.5
Mobile Homes 13.8
Other 0.6

Home Size

SIZE OF Alvin HOMES
No Bedroom 2.62
1 Bedroom 14.27
2 Bedrooms 26.25
3 Bedrooms 41.84
4 Bedrooms 13.35
5 or more bedrooms 1.67