Galena Park, TX Real Estate Market

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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Galena Park, TX Housing Market Trends

With a population of 10,740, 2,860 total housing units (homes and apartments), and a median house value of $93,737, house prices in Galena Park are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Galena Park, accounting for 84.18% of the city's housing units. Other types of housing that are prevalent in Galena Park include duplexes, homes converted to apartments or other small apartment buildings ( 6.56%), large apartment complexes or high rise apartments ( 4.90%), and a few row houses and other attached homes ( 2.90%).

The most prevalent building size and type in Galena Park are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.60% owning and 36.40% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Galena Park's housing was primarily built during this period, from the '40s through the '60s. A full 78.89% of the city's housing hails from this era. Other housing ages represented in Galena Park include homes built between 1970-1999 ( 13.35%) and housing constructed between 2000 and later ( 3.90%). There's also some housing in Galena Park built before 1939 ( 3.86%).

Galena Park Home Appreciation Rates

Appreciation rates for homes in Galena Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 58.00%, which ranks in the top 40% nationwide. This equates to an annual average Galena Park house appreciation rate of 4.68%.

Over the last year, Galena Park appreciation rates have trailed the rest of the nation. In the last twelve months, Galena Park's appreciation rate has been 9.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Galena Park were at 4.59%, which equates to an annual appreciation rate of 19.68%.

Relative to Texas, our data show that Galena Park's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$93,737

Galena Park, TX HOME PRICES

> $1,170,000
0.4%
0.4%
$877,001 - $1,170,000
0.0%
0.0%
$585,001 - $877,000
0.0%
0.0%
$468,001 - $585,000
0.0%
0.0%
$351,001 - $468,000
1.1%
1.1%
$234,001 - $351,000
0.5%
0.5%
$117,001 - $234,000
26.9%
26.9%
$58,001 - $117,000
64.8%
64.8%
$0 - $58,000
6.2%
6.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for TX

Value Relative To Nation

Number Of Homes And Apartments:
2,860

Galena Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
122.23% 3.74%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,330 / per month

Homeownership Rate

Owners
63.6%
63.6%
Renters
36.4%
36.4%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.9%
3.9%
1970 - 1999
13.4%
13.4%
1940 - 1969
78.9%
78.9%
1939 or Older
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.2%
84.2%
Townhomes
2.9%
2.9%
Small Apt. Buildings
6.6%
6.6%
Apt. Complexes
4.9%
4.9%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.8%
1.8%
1 Bedroom
6.8%
6.8%
2 Bedrooms
26.1%
26.1%
3 Bedrooms
51.8%
51.8%
4 Bedrooms
13.2%
13.2%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES