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 a population of 2,641, 932 total housing units (homes and apartments), and a median house value of $348,244, Inez real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Inez, accounting for 63.48% of the town's housing units. Other types of housing that are prevalent in Inez include mobile homes or trailers ( 36.52%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Inez. Owner-occupied housing accounts for 84.98% of Inez's homes, and 68.31% have either three or four bedrooms, which is average sized relative to America.
Inez homes and real estate are some of the newest in America. 46.28% of Inez's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Inez real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.44%), and before 1939 ( 5.12%). There's also some housing in Inez built between 1940-1969 ( 4.15%).
Inez's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Inez during the period has been just 5.13%, which is lower than 70% of US communities.
Appreciation rates are so strong in Inez that despite a nationwide downturn in the housing market, Inez real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Inez appreciation rates continue to be some of the highest in America, at 8.11%, which is higher than appreciation rates in 87.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Inez. Inez appreciation rates in the latest quarter were at -6.47%, which equates to an annual appreciation rate of -23.49%.
Notably, Inez's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Inez's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$348,244
for Texas
for nation
932
$1,876 / per month