Edna, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Edna Neighborhoods Since 2000




Edna, 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

Edna Housing Market Information

With 5,792 people, 1,820 houses or apartments, and a median cost of homes of $105,273, house prices in Edna are solidly below the national average.

Single-family detached homes are the single most common housing type in Edna, accounting for 62.15% of the city's housing units. Other types of housing that are prevalent in Edna include large apartment complexes or high rise apartments ( 20.60%), mobile homes or trailers ( 11.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.41%).

The most prevalent building size and type in Edna are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.10% owning and 40.90% renting.

There is a lot of housing in Edna 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 Edna built between 1940-1969 ( 37.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.43%). There's also some housing in Edna built before 1939 ( 6.87%).

Vacant housing appears to be an issue in Edna. Fully 19.89% of the housing stock is classified as vacant. Left unchecked, vacant Edna homes and apartments can be a drag on the real estate market, holding Edna 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.

Edna Home Appreciation Rates

In the last 10 years, Edna has experienced some of the highest home appreciation rates of any community in the nation. Edna real estate appreciated 30.48% over the last ten years, which is an average annual home appreciation rate of 2.70%, putting Edna in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edna 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, Edna's appreciation rate, at 5.26%, has been at or slightly above the national average. In the latest quarter, Edna's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Edna's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$105,273

Edna, TX HOME PRICES

Value Range
> $1,131,000 1.1
$848,001 - $1,131,000 1.6
$565,001 - $848,000 0.0
$452,001 - $565,000 1.5
$339,001 - $452,000 4.5
$226,001 - $339,000 7.4
$113,001 - $226,000 28.0
$56,001 - $113,000 37.1
$0 - $56,000 18.8

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
74.1357084261104 60.5058365758755

Number Of Homes And Apartments:
1,820

Edna 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
82.02% 3.53% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,127 / per month

Homeownership Rate

Homeownership
Owners 59.10
Renters 40.90
Vacant 19.89

Housing Market Details

 

Age of Homes

AGE OF Edna HOMES
2000 or Newer 10.4
1970 - 1999 45.0
1940 - 1969 37.7
1939 or Older 6.9

Types of Homes

TYPE OF Edna HOMES
Single-Family 62.1
Townhomes 0.0
Small Apt. Buildings 5.4
Apt. Complexes 20.6
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Edna HOMES
No Bedroom 1.80
1 Bedroom 4.93
2 Bedrooms 33.32
3 Bedrooms 51.28
4 Bedrooms 7.70
5 or more bedrooms 0.97

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Zip Codes in Edna, TX