Brownsville, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Brownsville Neighborhoods Since 2000




Brownsville, 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

Brownsville Housing Market Information

With 183,887 people, 51,563 houses or apartments, and a median cost of homes of $81,097, house prices in Brownsville 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 Brownsville, accounting for 69.87% of the city's housing units. Other types of housing that are prevalent in Brownsville include large apartment complexes or high rise apartments ( 11.86%), duplexes, homes converted to apartments or other small apartment buildings ( 10.81%), and a few mobile homes or trailers ( 4.64%).

The most prevalent building size and type in Brownsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.39% owning and 37.61% renting.

There is a lot of housing in Brownsville 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 Brownsville built between 2000 and later ( 30.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.37%). There's also some housing in Brownsville built before 1939 ( 2.19%).

Brownsville Home Appreciation Rates

Appreciation rates for homes in Brownsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.10%, which ranks in the top 30% nationwide. This equates to an annual average Brownsville house appreciation rate of 1.06%.

Over the last year, Brownsville appreciation rates have trailed the rest of the nation. In the last twelve months, Brownsville's appreciation rate has been 1.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Brownsville were at 1.40%, which equates to an annual appreciation rate of 5.73%.

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

Average Home Values

 

Median Home Value:
$81,097

Brownsville, TX HOME PRICES

Value Range
> $1,062,000 0.1
$796,001 - $1,062,000 0.1
$531,001 - $796,000 0.5
$425,001 - $531,000 0.9
$318,001 - $425,000 1.1
$213,001 - $318,000 4.6
$106,001 - $213,000 24.6
$53,001 - $106,000 44.2
$0 - $53,000 23.8

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
89.8042892300481 82.1984435797665

Number Of Homes And Apartments:
51,563

Brownsville 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
33.93% 1.71% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 62.39
Renters 37.61
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Brownsville HOMES
2000 or Newer 30.2
1970 - 1999 51.2
1940 - 1969 16.4
1939 or Older 2.2

Types of Homes

TYPE OF Brownsville HOMES
Single-Family 69.9
Townhomes 2.7
Small Apt. Buildings 10.8
Apt. Complexes 11.9
Mobile Homes 4.6
Other 0.1

Home Size

SIZE OF Brownsville HOMES
No Bedroom 5.86
1 Bedroom 9.21
2 Bedrooms 22.93
3 Bedrooms 45.51
4 Bedrooms 13.61
5 or more bedrooms 2.89