Eagle Pass, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Eagle Pass Neighborhoods Since 2000




Eagle Pass, 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

Eagle Pass Housing Market Information

With a population of 28,765, 8,569 total housing units (homes and apartments), and a median house value of $111,696, house prices in Eagle Pass are solidly below the national average.

Single-family detached homes are the single most common housing type in Eagle Pass, accounting for 68.78% of the city's housing units. Other types of housing that are prevalent in Eagle Pass include duplexes, homes converted to apartments or other small apartment buildings ( 16.32%), large apartment complexes or high rise apartments ( 10.54%), and a few row houses and other attached homes ( 3.75%).

The most prevalent building size and type in Eagle Pass are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.11% owning and 38.89% renting.

There is a lot of housing in Eagle Pass 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 Eagle Pass built between 1940-1969 ( 25.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.78%). There's also some housing in Eagle Pass built before 1939 ( 3.27%).

Vacant housing appears to be an issue in Eagle Pass. Fully 10.43% of the housing stock is classified as vacant. Left unchecked, vacant Eagle Pass homes and apartments can be a drag on the real estate market, holding Eagle Pass 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.

Eagle Pass Home Appreciation Rates

In the last 10 years, Eagle Pass has experienced some of the highest home appreciation rates of any community in the nation. Eagle Pass real estate appreciated 17.13% over the last ten years, which is an average annual home appreciation rate of 1.59%, putting Eagle Pass in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Eagle Pass 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, Eagle Pass's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Eagle Pass's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$111,696

Eagle Pass, TX HOME PRICES

Value Range
> $1,112,000 0.0
$834,001 - $1,112,000 0.0
$556,001 - $834,000 2.4
$445,001 - $556,000 1.3
$333,001 - $445,000 1.4
$223,001 - $333,000 4.9
$111,001 - $223,000 39.6
$56,001 - $111,000 37.6
$0 - $56,000 12.8

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
70.3269658971054 54.4747081712062

Number Of Homes And Apartments:
8,569

Eagle Pass 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
58.46% 2.70% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$755 / per month

Homeownership Rate

Homeownership
Owners 61.11
Renters 38.89
Vacant 10.43

Housing Market Details

 

Age of Homes

AGE OF Eagle Pass HOMES
2000 or Newer 23.8
1970 - 1999 47.4
1940 - 1969 25.5
1939 or Older 3.3

Types of Homes

TYPE OF Eagle Pass HOMES
Single-Family 68.8
Townhomes 3.8
Small Apt. Buildings 16.3
Apt. Complexes 10.5
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Eagle Pass HOMES
No Bedroom 5.25
1 Bedroom 9.70
2 Bedrooms 24.68
3 Bedrooms 49.34
4 Bedrooms 7.87
5 or more bedrooms 3.17