La Feria, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Feria Neighborhoods Since 2000




La Feria, 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

La Feria Housing Market Information

With 7,338 people, 2,251 houses or apartments, and a median cost of homes of $70,047, house prices in La Feria are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in La Feria, accounting for 57.45% of the city's housing units. Other types of housing that are prevalent in La Feria include mobile homes or trailers ( 27.21%), duplexes, homes converted to apartments or other small apartment buildings ( 8.31%), and a few large apartment complexes or high rise apartments ( 4.83%).

The most prevalent building size and type in La Feria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.48% owning and 38.52% renting.

There is a lot of housing in La Feria 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 La Feria built between 2000 and later ( 19.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.25%).

Vacant housing appears to be an issue in La Feria. Fully 15.76% of the housing stock is classified as vacant. Left unchecked, vacant La Feria homes and apartments can be a drag on the real estate market, holding La Feria 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.

La Feria Home Appreciation Rates

Appreciation rates for homes in La Feria have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.27%, which ranks in the top 30% nationwide. This equates to an annual average La Feria house appreciation rate of 1.34%.

Over the last year, La Feria appreciation rates have trailed the rest of the nation. In the last twelve months, La Feria's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in La Feria were at 1.40%, which equates to an annual appreciation rate of 5.73%.

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

Average Home Values

 

Median Home Value:
$70,047

La Feria, TX HOME PRICES

Value Range
> $1,082,000 0.0
$812,001 - $1,082,000 0.0
$541,001 - $812,000 0.6
$433,001 - $541,000 0.4
$325,001 - $433,000 4.0
$216,001 - $325,000 4.0
$108,001 - $216,000 9.6
$54,001 - $108,000 45.1
$0 - $54,000 36.4

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
95.2302824329075 90.3696498054475

Number Of Homes And Apartments:
2,251

La Feria 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
28.89% 1.48% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 61.48
Renters 38.52
Vacant 15.76

Housing Market Details

 

Age of Homes

AGE OF La Feria HOMES
2000 or Newer 19.6
1970 - 1999 66.2
1940 - 1969 13.2
1939 or Older 0.9

Types of Homes

TYPE OF La Feria HOMES
Single-Family 57.4
Townhomes 1.0
Small Apt. Buildings 8.3
Apt. Complexes 4.8
Mobile Homes 27.2
Other 1.2

Home Size

SIZE OF La Feria HOMES
No Bedroom 6.40
1 Bedroom 12.50
2 Bedrooms 30.54
3 Bedrooms 39.03
4 Bedrooms 10.52
5 or more bedrooms 1.01