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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Corpus Christi Housing Market Information

With 326,554 people, 116,562 houses or apartments, and a median cost of homes of $149,077, 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 65.59% of the city's housing units. Other types of housing that are prevalent in Corpus Christi include large apartment complexes or high rise apartments ( 18.89%), duplexes, homes converted to apartments or other small apartment buildings ( 10.63%), and a few mobile homes or trailers ( 2.60%).

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 55.24% owning and 44.76% 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 ( 35.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.34%). There's also some housing in Corpus Christi built before 1939 ( 2.58%).

Vacant housing appears to be an issue in Corpus Christi. Fully 11.11% 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 32.85%, which ranks in the top 40% nationwide. This equates to an annual average Corpus Christi house appreciation rate of 2.88%.

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 5.60%, which is higher than appreciation rates in 80.33% 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 3.46%, which equates to an annual appreciation rate of 14.57%.

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 lower 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:
$149,077

Corpus Christi, TX HOME PRICES

Value Range
> $1,127,000 0.6
$846,001 - $1,127,000 0.5
$564,001 - $846,000 1.4
$451,001 - $564,000 2.2
$338,001 - $451,000 3.7
$226,001 - $338,000 12.3
$113,001 - $226,000 40.5
$57,001 - $113,000 28.6
$0 - $57,000 10.2

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
59.585401459854 46.8477206595538

Number Of Homes And Apartments:
116,562

Corpus Christi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
83.34% 3.08%
3
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,281 / per month

Homeownership Rate

Homeownership
Owners 55.24
Renters 44.76
Vacant 11.11

Housing Market Details

 

Age of Homes

AGE OF Corpus Christi HOMES
2000 or Newer 18.3
1970 - 1999 43.4
1940 - 1969 35.7
1939 or Older 2.6

Types of Homes

TYPE OF Corpus Christi HOMES
Single-Family 65.6
Townhomes 2.0
Small Apt. Buildings 10.6
Apt. Complexes 18.9
Mobile Homes 2.6
Other 0.3

Home Size

SIZE OF Corpus Christi HOMES
No Bedroom 2.37
1 Bedroom 13.33
2 Bedrooms 27.89
3 Bedrooms 41.30
4 Bedrooms 13.51
5 or more bedrooms 1.60