Cameron, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cameron, TX Real Estate Data


Cameron Housing Market Information

With a population of 5,460, 2,032 total housing units (homes and apartments), and a median house value of $95,904, house prices in Cameron are solidly below the national average.

Single-family detached homes are the single most common housing type in Cameron, accounting for 70.46% of the city's housing units. Other types of housing that are prevalent in Cameron include large apartment complexes or high rise apartments ( 10.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.57%), and a few mobile homes or trailers ( 6.42%).

People in Cameron primarily live in small (one, two or no bedroom) single-family detached homes. Cameron has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Cameron 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 Cameron built between 1940-1969 ( 39.93%). A lesser amount of the housing stock also hails from before 1939 ( 10.15%). There's also some housing in Cameron built between 2000 and later ( 7.26%).

Vacant housing appears to be an issue in Cameron. Fully 19.43% of the housing stock is classified as vacant. Left unchecked, vacant Cameron homes and apartments can be a drag on the real estate market, holding Cameron 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.

Cameron Home Appreciation Rates

In the last 10 years, Cameron has experienced some of the highest home appreciation rates of any community in the nation. Cameron real estate appreciated 43.48% over the last ten years, which is an average annual home appreciation rate of 3.68%, putting Cameron in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cameron 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 Cameron that despite a nationwide downturn in the housing market, Cameron real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cameron appreciation rates continue to be some of the highest in America, at 8.60%, which is higher than appreciation rates in 94.25% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cameron. Cameron appreciation rates in the latest quarter were at 3.64%, which equates to an annual appreciation rate of 15.39%.

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

Average Home Values

 

Median Home Value:
$95,904

Cameron, TX HOME PRICES

Value Range
> $1,265,000 0.4
$949,001 - $1,265,000 1.0
$633,001 - $949,000 0.0
$506,001 - $633,000 0.0
$380,001 - $506,000 2.6
$253,001 - $380,000 4.0
$126,001 - $253,000 23.9
$63,001 - $126,000 37.5
$0 - $63,000 30.6

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
81.5307138256134 70.3883495145631

Number Of Homes And Apartments:
2,032

Rent & Ownership

 

Average Market Rent:
$826 / per month

Homeownership Rate

Homeownership
Owners 56.46
Renters 43.54
Vacant 19.43

Housing Market Details

 

Age of Homes

AGE OF Cameron HOMES
2000 or Newer 7.3
1970 - 1999 42.7
1940 - 1969 39.9
1939 or Older 10.2

Types of Homes

TYPE OF Cameron HOMES
Single-Family 70.5
Townhomes 3.2
Small Apt. Buildings 7.6
Apt. Complexes 10.7
Mobile Homes 6.4
Other 1.6

Home Size

SIZE OF Cameron HOMES
No Bedroom 4.16
1 Bedroom 6.19
2 Bedrooms 39.57
3 Bedrooms 35.49
4 Bedrooms 12.25
5 or more bedrooms 2.34

Cameron Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
93.70% 3.97% 8 10
* 10 is highest

Popular Neighborhoods in Cameron

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