Hondo, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hondo, 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

Hondo Housing Market Information

With 9,119 people, 2,155 houses or apartments, and a median cost of homes of $136,474, house prices in Hondo are solidly below the national average.

Single-family detached homes are the single most common housing type in Hondo, accounting for 61.55% of the city's housing units. Other types of housing that are prevalent in Hondo include mobile homes or trailers ( 17.90%), duplexes, homes converted to apartments or other small apartment buildings ( 9.63%), and a few large apartment complexes or high rise apartments ( 8.78%).

The most prevalent building size and type in Hondo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 44.43% owning and 55.57% renting.

There is a lot of housing in Hondo 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 Hondo built between 1940-1969 ( 33.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.49%). There's also some housing in Hondo built before 1939 ( 9.48%).

Vacant housing appears to be an issue in Hondo. Fully 16.31% of the housing stock is classified as vacant. Left unchecked, vacant Hondo homes and apartments can be a drag on the real estate market, holding Hondo 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.

Hondo Home Appreciation Rates

In the last 10 years, Hondo has experienced some of the highest home appreciation rates of any community in the nation. Hondo real estate appreciated 37.58% over the last ten years, which is an average annual home appreciation rate of 3.24%, putting Hondo in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hondo 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 Hondo that despite a nationwide downturn in the housing market, Hondo real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hondo appreciation rates continue to be some of the highest in America, at 5.80%, which is higher than appreciation rates in 72.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hondo. Hondo appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.83%.

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

Average Home Values

 

Median Home Value:
$136,474

Hondo, TX HOME PRICES

Value Range
> $1,199,000 3.0
$899,001 - $1,199,000 0.0
$600,001 - $899,000 3.1
$480,001 - $600,000 0.9
$360,001 - $480,000 5.4
$240,001 - $360,000 8.0
$120,001 - $240,000 37.9
$60,001 - $120,000 22.8
$0 - $60,000 18.9

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
56.4690026954178 39.7859922178988

Number Of Homes And Apartments:
2,155

Hondo 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
96.63% 4.00% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$896 / per month

Homeownership Rate

Homeownership
Owners 44.43
Renters 55.57
Vacant 16.31

Housing Market Details

 

Age of Homes

AGE OF Hondo HOMES
2000 or Newer 14.5
1970 - 1999 42.2
1940 - 1969 33.8
1939 or Older 9.5

Types of Homes

TYPE OF Hondo HOMES
Single-Family 61.6
Townhomes 0.5
Small Apt. Buildings 9.6
Apt. Complexes 8.8
Mobile Homes 17.9
Other 1.7

Home Size

SIZE OF Hondo HOMES
No Bedroom 3.81
1 Bedroom 8.93
2 Bedrooms 29.51
3 Bedrooms 47.15
4 Bedrooms 10.41
5 or more bedrooms 0.19

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Zip Codes in Hondo, TX