Corpus Christi, TX Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Corpus Christi, TX Housing Market Trends

With 326,586 people, 116,952 houses or apartments, and a median cost of homes of $156,177, house prices in Corpus Christi are solidly below the national average.

Single-family detached homes are the single most common housing type in Corpus Christi, accounting for 65.56% of the city's housing units. Other types of housing that are prevalent in Corpus Christi include large apartment complexes or high rise apartments ( 19.80%), duplexes, homes converted to apartments or other small apartment buildings ( 10.04%), and a few mobile homes or trailers ( 2.45%).

The most prevalent building size and type in Corpus Christi are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.27% owning and 44.73% renting.

There is a lot of housing in Corpus Christi 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 Corpus Christi built between 1940-1969 ( 35.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.62%). There's also some housing in Corpus Christi built before 1939 ( 2.53%).

Vacant housing appears to be an issue in Corpus Christi. Fully 11.54% of the housing stock is classified as vacant. Left unchecked, vacant Corpus Christi homes and apartments can be a drag on the real estate market, holding Corpus Christi 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.

Corpus Christi Home Appreciation Rates

Appreciation rates for homes in Corpus Christi have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 43.74%, which ranks in the top 30% nationwide. This equates to an annual average Corpus Christi house appreciation rate of 3.69%.

NeighborhoodScout's data show that during the latest twelve months, Corpus Christi's appreciation rate, at 5.87%, has been at or slightly above the national average. In the latest quarter, Corpus Christi's appreciation rate has been 2.69%, which annualizes to a rate of 11.20%.

Relative to Texas, our data show that Corpus Christi'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 Corpus Christi differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Corpus Christi - 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 Corpus Christi real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$156,177

Corpus Christi, TX HOME PRICES

> $1,134,000
0.6%
0.6%
$851,001 - $1,134,000
0.7%
0.7%
$567,001 - $851,000
1.7%
1.7%
$454,001 - $567,000
2.2%
2.2%
$340,001 - $454,000
4.1%
4.1%
$227,001 - $340,000
13.4%
13.4%
$113,001 - $227,000
41.7%
41.7%
$57,001 - $113,000
26.1%
26.1%
$0 - $57,000
9.5%
9.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for TX

Value Relative To Nation

Number Of Homes And Apartments:
116,952

Corpus Christi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
91.14% 3.13%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,424 / per month

Homeownership Rate

Owners
55.3%
55.3%
Renters
44.7%
44.7%
Vacant
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
19.6%
19.6%
1970 - 1999
42.5%
42.5%
1940 - 1969
35.3%
35.3%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.6%
65.6%
Townhomes
1.9%
1.9%
Small Apt. Buildings
10.0%
10.0%
Apt. Complexes
19.8%
19.8%
Mobile Homes
2.5%
2.5%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.4%
2.4%
1 Bedroom
13.1%
13.1%
2 Bedrooms
27.7%
27.7%
3 Bedrooms
41.2%
41.2%
4 Bedrooms
14.0%
14.0%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES