Aransas Pass, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aransas Pass Neighborhoods Since 2000




Aransas Pass, 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

Aransas Pass Housing Market Information

With 8,516 people, 3,198 houses or apartments, and a median cost of homes of $121,844, house prices in Aransas Pass are solidly below the national average.

Single-family detached homes are the single most common housing type in Aransas Pass, accounting for 62.41% of the city's housing units. Other types of housing that are prevalent in Aransas Pass include mobile homes or trailers ( 17.13%), duplexes, homes converted to apartments or other small apartment buildings ( 12.02%), and a few large apartment complexes or high rise apartments ( 5.79%).

The most prevalent building size and type in Aransas Pass are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.58% owning and 41.42% renting.

There is a lot of housing in Aransas Pass 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 Aransas Pass built between 1940-1969 ( 25.94%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.69%). There's also some housing in Aransas Pass built before 1939 ( 1.15%).

Vacant housing appears to be an issue in Aransas Pass. Fully 25.05% of the housing stock is classified as vacant. Left unchecked, vacant Aransas Pass homes and apartments can be a drag on the real estate market, holding Aransas Pass real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Aransas Pass Home Appreciation Rates

In the last 10 years, Aransas Pass has experienced some of the highest home appreciation rates of any community in the nation. Aransas Pass real estate appreciated 23.57% over the last ten years, which is an average annual home appreciation rate of 2.14%, putting Aransas Pass in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aransas Pass 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 Aransas Pass that despite a nationwide downturn in the housing market, Aransas Pass real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aransas Pass appreciation rates continue to be some of the highest in America, at 8.68%, which is higher than appreciation rates in 89.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aransas Pass. Aransas Pass appreciation rates in the latest quarter were at -4.66%, which equates to an annual appreciation rate of -17.38%.

Notably, Aransas Pass's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Aransas Pass's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$121,844

Aransas Pass, TX HOME PRICES

Value Range
> $1,172,000 0.6
$879,001 - $1,172,000 2.0
$586,001 - $879,000 1.8
$468,001 - $586,000 3.6
$352,001 - $468,000 2.4
$234,001 - $352,000 10.1
$117,001 - $234,000 27.7
$59,001 - $117,000 25.6
$0 - $59,000 26.2

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
64.4146255713114 48.0544747081712

Number Of Homes And Apartments:
3,198

Aransas Pass 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
87.55% 3.71% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 58.58
Renters 41.42
Vacant 25.05

Housing Market Details

 

Age of Homes

AGE OF Aransas Pass HOMES
2000 or Newer 25.7
1970 - 1999 47.2
1940 - 1969 25.9
1939 or Older 1.1

Types of Homes

TYPE OF Aransas Pass HOMES
Single-Family 62.4
Townhomes 1.1
Small Apt. Buildings 12.0
Apt. Complexes 5.8
Mobile Homes 17.1
Other 1.6

Home Size

SIZE OF Aransas Pass HOMES
No Bedroom 7.36
1 Bedroom 11.65
2 Bedrooms 29.62
3 Bedrooms 39.25
4 Bedrooms 11.34
5 or more bedrooms 0.77

Zip Codes in Aransas Pass, TX