Edinburg, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Edinburg Neighborhoods Since 2000




Edinburg, 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

Edinburg Housing Market Information

With a population of 84,497, 23,953 total housing units (homes and apartments), and a median house value of $91,109, 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 59.86% 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 ( 20.29%), large apartment complexes or high rise apartments ( 11.58%), and a few mobile homes or trailers ( 5.97%).

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 53.61% owning and 46.39% 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 ( 40.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.32%). There's also some housing in Edinburg built before 1939 ( 1.92%).

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 15.21% over the last ten years, which is an average annual home appreciation rate of 1.43%, 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.

NeighborhoodScout's data show that during the latest twelve months, Edinburg's appreciation rate, at 5.25%, has been at or slightly above the national average. In the latest quarter, Edinburg's appreciation rate has been -0.31%, which annualizes to a rate of -1.23%.

Relative to Texas, our data show that Edinburg'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 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:
$91,109

Edinburg, TX HOME PRICES

Value Range
> $1,121,000 0.2
$841,001 - $1,121,000 0.3
$561,001 - $841,000 0.4
$449,001 - $561,000 0.5
$336,001 - $449,000 1.8
$224,001 - $336,000 7.1
$112,001 - $224,000 34.7
$56,001 - $112,000 39.8
$0 - $56,000 15.2

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
83.2298136645963 72.0817120622568

Number Of Homes And Apartments:
23,953

Edinburg 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
52.54% 2.48% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$940 / per month

Homeownership Rate

Homeownership
Owners 53.61
Renters 46.39
Vacant 8.67

Housing Market Details

 

Age of Homes

AGE OF Edinburg HOMES
2000 or Newer 40.7
1970 - 1999 45.1
1940 - 1969 12.3
1939 or Older 1.9

Types of Homes

TYPE OF Edinburg HOMES
Single-Family 59.9
Townhomes 1.7
Small Apt. Buildings 20.3
Apt. Complexes 11.6
Mobile Homes 6.0
Other 0.6

Home Size

SIZE OF Edinburg HOMES
No Bedroom 1.81
1 Bedroom 9.41
2 Bedrooms 30.58
3 Bedrooms 43.46
4 Bedrooms 13.01
5 or more bedrooms 1.73