Corpus Christi, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Corpus Christi Neighborhoods Since 2000




Corpus Christi, 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 Q2 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

Corpus Christi Housing Market Information

With a population of 324,074, 114,817 total housing units (homes and apartments), and a median house value of $141,468, 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 65.86% of the city's housing units. Other types of housing that are prevalent in Corpus Christi include large apartment complexes or high rise apartments ( 18.86%), duplexes, homes converted to apartments or other small apartment buildings ( 10.78%), and a few mobile homes or trailers ( 2.29%).

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 54.79% owning and 45.21% 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 ( 36.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.50%). There's also some housing in Corpus Christi built before 1939 ( 2.60%).

Vacant housing appears to be an issue in Corpus Christi. Fully 10.32% 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

In the last 10 years, Corpus Christi has experienced some of the highest home appreciation rates of any community in the nation. Corpus Christi real estate appreciated 25.00% over the last ten years, which is an average annual home appreciation rate of 2.26%, putting Corpus Christi in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Corpus Christi 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, Corpus Christi's appreciation rate, at 4.75%, has been at or slightly above the national average. In the latest quarter, Corpus Christi's appreciation rate has been 7.34%, which annualizes to a rate of 32.74%.

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.

Average Home Values

 

Median Home Value:
$141,468

Corpus Christi, TX HOME PRICES

Value Range
> $1,214,000 0.5
$910,001 - $1,214,000 0.3
$607,001 - $910,000 1.1
$485,001 - $607,000 1.2
$364,001 - $485,000 2.9
$243,001 - $364,000 9.7
$121,001 - $243,000 38.3
$61,001 - $121,000 32.9
$0 - $61,000 13.1

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
55.4072252473798 39.2023346303502

Number Of Homes And Apartments:
114,817

Corpus Christi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
74.87% 3.24% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,263 / per month

Homeownership Rate

Homeownership
Owners 54.79
Renters 45.21
Vacant 10.32

Housing Market Details

 

Age of Homes

AGE OF Corpus Christi HOMES
2000 or Newer 14.5
1970 - 1999 46.4
1940 - 1969 36.5
1939 or Older 2.6

Types of Homes

TYPE OF Corpus Christi HOMES
Single-Family 65.9
Townhomes 1.9
Small Apt. Buildings 10.8
Apt. Complexes 18.9
Mobile Homes 2.3
Other 0.3

Home Size

SIZE OF Corpus Christi HOMES
No Bedroom 2.93
1 Bedroom 13.60
2 Bedrooms 26.34
3 Bedrooms 43.10
4 Bedrooms 12.50
5 or more bedrooms 1.54