Del Rio, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Del Rio Neighborhoods Since 2000




Del Rio, 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 Q1 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

Del Rio Housing Market Information

With 36,153 people, 10,820 houses or apartments, and a median cost of homes of $107,010, house prices in Del Rio are solidly below the national average.

Single-family detached homes are the single most common housing type in Del Rio, accounting for 71.03% of the city's housing units. Other types of housing that are prevalent in Del Rio include duplexes, homes converted to apartments or other small apartment buildings ( 12.99%), large apartment complexes or high rise apartments ( 9.11%), and a few mobile homes or trailers ( 5.75%).

The most prevalent building size and type in Del Rio are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.03% owning and 39.97% renting.

There is a lot of housing in Del Rio 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 Del Rio built between 1940-1969 ( 25.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.29%). There's also some housing in Del Rio built before 1939 ( 9.02%).

Vacant housing appears to be an issue in Del Rio. Fully 15.88% of the housing stock is classified as vacant. Left unchecked, vacant Del Rio homes and apartments can be a drag on the real estate market, holding Del Rio 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.

Del Rio Home Appreciation Rates

In the last 10 years, Del Rio has experienced some of the highest home appreciation rates of any community in the nation. Del Rio real estate appreciated 19.14% over the last ten years, which is an average annual home appreciation rate of 1.77%, putting Del Rio in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Del Rio 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, Del Rio's appreciation rate, at 5.20%, has been at or slightly above the national average. In the latest quarter, Del Rio's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$107,010

Del Rio, TX HOME PRICES

Value Range
> $1,099,000 0.1
$824,001 - $1,099,000 0.3
$550,001 - $824,000 0.5
$440,001 - $550,000 0.2
$330,001 - $440,000 1.4
$220,001 - $330,000 7.6
$110,001 - $220,000 33.2
$55,001 - $110,000 35.1
$0 - $55,000 21.6

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
73.0868393296613 59.2412451361868

Number Of Homes And Apartments:
10,820

Del Rio Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
65.34% 2.96% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 60.03
Renters 39.97
Vacant 15.88

Housing Market Details

 

Age of Homes

AGE OF Del Rio HOMES
2000 or Newer 14.3
1970 - 1999 51.1
1940 - 1969 25.6
1939 or Older 9.0

Types of Homes

TYPE OF Del Rio HOMES
Single-Family 71.0
Townhomes 1.1
Small Apt. Buildings 13.0
Apt. Complexes 9.1
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Del Rio HOMES
No Bedroom 1.71
1 Bedroom 8.61
2 Bedrooms 27.62
3 Bedrooms 46.89
4 Bedrooms 14.73
5 or more bedrooms 0.43