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 a population of 317,773, 117,210 total housing units (homes and apartments), and a median house value of $222,166, Corpus Christi real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Corpus Christi, accounting for 65.70% of the city's housing units. Other types of housing that are prevalent in Corpus Christi include large apartment complexes or high rise apartments ( 20.64%), duplexes, homes converted to apartments or other small apartment buildings ( 8.82%), and a few mobile homes or trailers ( 2.56%).
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 55.55% owning and 44.45% 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 ( 33.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.50%). There's also some housing in Corpus Christi built before 1939 ( 2.46%).
Vacant housing appears to be an issue in Corpus Christi. Fully 11.99% 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.
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 87.29%, which ranks in the top 40% nationwide. This equates to an annual average Corpus Christi house appreciation rate of 6.48%.
Appreciation rates are so strong in Corpus Christi that despite a nationwide downturn in the housing market, Corpus Christi real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Corpus Christi appreciation rates continue to be some of the highest in America, at 11.19%, which is higher than appreciation rates in 83.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Corpus Christi. Corpus Christi appreciation rates in the latest quarter were at 1.31%, which equates to an annual appreciation rate of 5.33%.
Importantly, NeighborhoodScout’s exclusive research found that Corpus Christi's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Texas, our data show that Corpus Christi's latest annual appreciation rate is higher than 50% 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.
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