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 Q2 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 84,497 people, 23,953 houses or apartments, and a median cost of homes of $89,489, 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

Appreciation rates for homes in Edinburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.57%, which ranks in the top 30% nationwide. This equates to an annual average Edinburg house appreciation rate of 1.01%.

Over the last year, Edinburg appreciation rates have trailed the rest of the nation. In the last twelve months, Edinburg's appreciation rate has been 0.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edinburg were at -2.45%, which equates to an annual appreciation rate of -9.46%.

Notably, Edinburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Edinburg's latest annual appreciation rate is lower 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:
$89,489

Edinburg, TX HOME PRICES

Value Range
> $1,101,000 0.2
$826,001 - $1,101,000 0.3
$551,001 - $826,000 0.4
$441,001 - $551,000 0.5
$330,001 - $441,000 1.8
$220,001 - $330,000 7.1
$110,001 - $220,000 34.7
$55,001 - $110,000 39.8
$0 - $55,000 15.2

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
85.2684583406523 75.5836575875486

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:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
49.87% 2.34% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$924 / 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