Edinburg, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edinburg, TX Real Estate Data


Edinburg Housing Market Information

With a population of 84,497, 23,575 total housing units (homes and apartments), and a median house value of $111,724, house prices in Edinburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Edinburg, accounting for 60.42% of the city's housing units. Other types of housing that are prevalent in Edinburg include duplexes, homes converted to apartments or other small apartment buildings ( 19.83%), large apartment complexes or high rise apartments ( 11.57%), and a few mobile homes or trailers ( 5.95%).

The most prevalent building size and type in Edinburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.57% owning and 45.43% renting.

There is a lot of housing in Edinburg 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 Edinburg built between 2000 and later ( 40.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.22%). There's also some housing in Edinburg built before 1939 ( 1.62%).

Edinburg Home Appreciation Rates

In the last 10 years, Edinburg has experienced some of the highest home appreciation rates of any community in the nation. Edinburg real estate appreciated 22.74% over the last ten years, which is an average annual home appreciation rate of 2.07%, putting Edinburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edinburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Edinburg that despite a nationwide downturn in the housing market, Edinburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edinburg appreciation rates continue to be some of the highest in America, at 8.99%, which is higher than appreciation rates in 95.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edinburg. Edinburg appreciation rates in the latest quarter were at 3.28%, which equates to an annual appreciation rate of 13.76%.

Importantly, this makes Edinburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Edinburg's latest annual appreciation rate is higher 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 Edinburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Edinburg - 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 Edinburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$111,724

Edinburg, TX HOME PRICES

Value Range
> $1,149,000 0.3
$862,001 - $1,149,000 0.2
$575,001 - $862,000 0.7
$460,001 - $575,000 0.7
$345,001 - $460,000 1.4
$230,001 - $345,000 6.4
$115,001 - $230,000 36.8
$57,001 - $115,000 38.0
$0 - $57,000 15.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
71.3474263629443 55.4368932038835

Number Of Homes And Apartments:
23,575

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 54.57
Renters 45.43
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Edinburg HOMES
2000 or Newer 40.4
1970 - 1999 45.7
1940 - 1969 12.2
1939 or Older 1.6

Types of Homes

TYPE OF Edinburg HOMES
Single-Family 60.4
Townhomes 1.7
Small Apt. Buildings 19.8
Apt. Complexes 11.6
Mobile Homes 5.9
Other 0.5

Home Size

SIZE OF Edinburg HOMES
No Bedroom 1.70
1 Bedroom 8.94
2 Bedrooms 31.25
3 Bedrooms 43.30
4 Bedrooms 12.99
5 or more bedrooms 1.83

Edinburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
57.11% 2.69% 3 7
* 10 is highest