Corpus Christi, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 325,733, 116,077 total housing units (homes and apartments), and a median house value of $131,100, 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 65.54% of the city's housing units. Other types of housing that are prevalent in Corpus Christi include large apartment complexes or high rise apartments ( 18.62%), duplexes, homes converted to apartments or other small apartment buildings ( 11.09%), and a few mobile homes or trailers ( 2.43%).

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 54.73% owning and 45.27% 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 ( 36.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.53%). There's also some housing in Corpus Christi built before 1939 ( 2.58%).

Vacant housing appears to be an issue in Corpus Christi. Fully 10.27% 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 20.46%, which ranks in the top 40% nationwide. This equates to an annual average Corpus Christi house appreciation rate of 1.88%.

Over the last year, Corpus Christi appreciation rates have trailed the rest of the nation. In the last twelve months, Corpus Christi's appreciation rate has been -5.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Corpus Christi were at 1.18%, which equates to an annual appreciation rate of 4.80%.

Relative to Texas, our data show that Corpus Christi's latest annual appreciation rate is lower than 90% 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:
$131,100

Corpus Christi, TX HOME PRICES

Value Range
> $1,100,000 0.6
$825,001 - $1,100,000 0.2
$550,001 - $825,000 1.2
$440,001 - $550,000 1.3
$330,001 - $440,000 3.1
$220,001 - $330,000 10.6
$110,001 - $220,000 37.9
$55,001 - $110,000 32.5
$0 - $55,000 12.7

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
64.992700729927 50.4364694471387

Number Of Homes And Apartments:
116,077

Corpus Christi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
67.06% 2.77%
2
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,329 / per month

Homeownership Rate

Homeownership
Owners 54.73
Renters 45.27
Vacant 10.27

Housing Market Details

 

Age of Homes

AGE OF Corpus Christi HOMES
2000 or Newer 15.5
1970 - 1999 45.3
1940 - 1969 36.6
1939 or Older 2.6

Types of Homes

TYPE OF Corpus Christi HOMES
Single-Family 65.5
Townhomes 2.1
Small Apt. Buildings 11.1
Apt. Complexes 18.6
Mobile Homes 2.4
Other 0.2

Home Size

SIZE OF Corpus Christi HOMES
No Bedroom 2.84
1 Bedroom 13.78
2 Bedrooms 26.95
3 Bedrooms 41.80
4 Bedrooms 13.03
5 or more bedrooms 1.60