Idalou, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Idalou, 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

Idalou Housing Market Information

With 2,337 people, 824 houses or apartments, and a median cost of homes of $116,887, house prices in Idalou are solidly below the national average.

Single-family detached homes are the single most common housing type in Idalou, accounting for 85.04% of the city's housing units. Other types of housing that are prevalent in Idalou include large apartment complexes or high rise apartments ( 9.40%), duplexes, homes converted to apartments or other small apartment buildings ( 3.31%), and a few mobile homes or trailers ( 1.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Idalou. Owner-occupied housing accounts for 69.03% of Idalou's homes, and 59.29% have either three or four bedrooms, which is average sized relative to America.

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. Idalou's housing was primarily built during this period, from the '40s through the '60s. A full 49.15% of the city's housing hails from this era. Other housing ages represented in Idalou include homes built between 1970-1999 ( 39.32%) and housing constructed between 2000 and later ( 10.15%). There's also some housing in Idalou built before 1939 ( 1.39%).

Vacant housing appears to be an issue in Idalou. Fully 11.97% of the housing stock is classified as vacant. Left unchecked, vacant Idalou homes and apartments can be a drag on the real estate market, holding Idalou 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.

Idalou Home Appreciation Rates

In the last 10 years, Idalou has experienced some of the highest home appreciation rates of any community in the nation. Idalou real estate appreciated 36.71% over the last ten years, which is an average annual home appreciation rate of 3.18%, putting Idalou in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Idalou definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Idalou appreciation rates have trailed the rest of the nation. In the last twelve months, Idalou's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Idalou were at -0.68%, which equates to an annual appreciation rate of -2.69%.

Notably, Idalou's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$116,887

Idalou, TX HOME PRICES

Value Range
> $1,124,000 0.0
$844,001 - $1,124,000 0.0
$562,001 - $844,000 0.0
$450,001 - $562,000 0.1
$338,001 - $450,000 1.7
$225,001 - $338,000 14.2
$112,001 - $225,000 32.0
$56,001 - $112,000 39.7
$0 - $56,000 12.3

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
67.2184460330482 50.9727626459144

Number Of Homes And Apartments:
824

Idalou 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
67.14% 3.02% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$705 / per month

Homeownership Rate

Homeownership
Owners 69.03
Renters 30.97
Vacant 11.97

Housing Market Details

 

Age of Homes

AGE OF Idalou HOMES
2000 or Newer 10.1
1970 - 1999 39.3
1940 - 1969 49.1
1939 or Older 1.4

Types of Homes

TYPE OF Idalou HOMES
Single-Family 85.0
Townhomes 0.5
Small Apt. Buildings 3.3
Apt. Complexes 9.4
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Idalou HOMES
No Bedroom 1.60
1 Bedroom 9.29
2 Bedrooms 29.38
3 Bedrooms 48.18
4 Bedrooms 11.11
5 or more bedrooms 0.43

Popular Neighborhoods in Idalou

Zip Codes in Idalou, TX