Hidalgo, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hidalgo Neighborhoods Since 2000




Hidalgo, TX Real Estate Data


Hidalgo Housing Market Information

With 13,709 people, 2,872 houses or apartments, and a median cost of homes of $103,370, house prices in Hidalgo are solidly below the national average.

Single-family detached homes are the single most common housing type in Hidalgo, accounting for 80.86% of the city's housing units. Other types of housing that are prevalent in Hidalgo include duplexes, homes converted to apartments or other small apartment buildings ( 9.33%), large apartment complexes or high rise apartments ( 4.73%), and a few mobile homes or trailers ( 3.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hidalgo. Owner-occupied housing accounts for 73.50% of Hidalgo's homes, and 74.79% have either three or four bedrooms, which is average sized relative to America.

Hidalgo homes and real estate are some of the newest in America. 47.17% of Hidalgo's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hidalgo real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 45.47%), and between 1940-1969 ( 6.17%). There's also some housing in Hidalgo built before 1939 ( 1.19%).

Vacant housing appears to be an issue in Hidalgo. Fully 10.05% of the housing stock is classified as vacant. Left unchecked, vacant Hidalgo homes and apartments can be a drag on the real estate market, holding Hidalgo 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.

Hidalgo Home Appreciation Rates

In the last 10 years, Hidalgo has experienced some of the highest home appreciation rates of any community in the nation. Hidalgo real estate appreciated 19.66% over the last ten years, which is an average annual home appreciation rate of 1.81%, putting Hidalgo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hidalgo 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 Hidalgo that despite a nationwide downturn in the housing market, Hidalgo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hidalgo appreciation rates continue to be some of the highest in America, at 8.20%, which is higher than appreciation rates in 92.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hidalgo. Hidalgo appreciation rates in the latest quarter were at 3.28%, which equates to an annual appreciation rate of 13.76%.

Importantly, this makes Hidalgo 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 Hidalgo's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$103,370

Hidalgo, TX HOME PRICES

Value Range
> $1,155,000 0.0
$866,001 - $1,155,000 0.0
$577,001 - $866,000 0.0
$462,001 - $577,000 0.3
$346,001 - $462,000 0.0
$231,001 - $346,000 1.9
$115,001 - $231,000 36.4
$58,001 - $115,000 52.2
$0 - $58,000 9.2

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
76.705510335539 63.1067961165049

Number Of Homes And Apartments:
2,872

Rent & Ownership

 

Average Market Rent:
$758 / per month

Homeownership Rate

Homeownership
Owners 73.50
Renters 26.50
Vacant 10.05

Housing Market Details

 

Age of Homes

AGE OF Hidalgo HOMES
2000 or Newer 47.2
1970 - 1999 45.5
1940 - 1969 6.2
1939 or Older 1.2

Types of Homes

TYPE OF Hidalgo HOMES
Single-Family 80.9
Townhomes 1.3
Small Apt. Buildings 9.3
Apt. Complexes 4.7
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Hidalgo HOMES
No Bedroom 0.78
1 Bedroom 5.04
2 Bedrooms 18.42
3 Bedrooms 59.29
4 Bedrooms 15.50
5 or more bedrooms 0.97

Hidalgo 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
56.95% 2.69% 3 7
* 10 is highest

Popular Neighborhoods in Hidalgo

Zip Codes in Hidalgo, TX