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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,883 people, 861 houses or apartments, and a median cost of homes of $445,921, Blanco real estate is some of the most expensive in Texas, although Blanco home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Blanco, accounting for 70.47% of the city's housing units. Other types of housing that are prevalent in Blanco include large apartment complexes or high rise apartments ( 12.29%), mobile homes or trailers ( 10.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.14%).
People in Blanco primarily live in small (one, two or no bedroom) single-family detached homes. Blanco has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Blanco 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 Blanco built between 1940-1969 ( 26.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.60%). There's also some housing in Blanco built before 1939 ( 13.58%).
Vacant housing appears to be an issue in Blanco. Fully 14.67% of the housing stock is classified as vacant. Left unchecked, vacant Blanco homes and apartments can be a drag on the real estate market, holding Blanco 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.
In the last 10 years, Blanco has experienced some of the highest home appreciation rates of any community in the nation. Blanco real estate appreciated 122.02% over the last ten years, which is an average annual home appreciation rate of 8.30%, putting Blanco in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Blanco definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Blanco's appreciation rate, at 5.11%, has been at or slightly above the national average. In the latest quarter, Blanco's appreciation rate has been 0.59%, which annualizes to a rate of 2.37%.
Notably, Blanco's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Blanco's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$1,364 / per month