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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 14,437 people, 3,705 houses or apartments, and a median cost of homes of $200,375, 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 86.29% of the city's housing units. Other types of housing that are prevalent in Hidalgo include large apartment complexes or high rise apartments ( 7.16%), mobile homes or trailers ( 3.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.94%).
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 75.51% of Hidalgo's homes, and 75.72% 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. 64.01% 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 ( 35.52%), and between 1940-1969 ( 0.47%).
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 115.28% over the last ten years, which is an average annual home appreciation rate of 7.97%, 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 13.09%, which is higher than appreciation rates in 99.13% 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 1.87%, which equates to an annual appreciation rate of 7.68%.
Relative to Texas, our data show that Hidalgo's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$200,375
for Texas
for nation
3,705
$1,401 / per month