La Marque, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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La Marque, TX Real Estate Data


La Marque Housing Market Information

With a population of 15,908, 5,489 total housing units (homes and apartments), and a median house value of $108,362, house prices in La Marque are solidly below the national average.

Single-family detached homes are the single most common housing type in La Marque, accounting for 89.64% of the city's housing units. Other types of housing that are prevalent in La Marque include large apartment complexes or high rise apartments ( 4.76%), mobile homes or trailers ( 2.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in La Marque. Owner-occupied housing accounts for 72.31% of La Marque's homes, and 65.35% 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. La Marque's housing was primarily built during this period, from the '40s through the '60s. A full 52.25% of the city's housing hails from this era. Other housing ages represented in La Marque include homes built between 1970-1999 ( 27.05%) and housing constructed between 2000 and later ( 17.54%). There's also some housing in La Marque built before 1939 ( 3.17%).

Vacant housing appears to be an issue in La Marque. Fully 13.44% of the housing stock is classified as vacant. Left unchecked, vacant La Marque homes and apartments can be a drag on the real estate market, holding La Marque 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 Marque Home Appreciation Rates

Appreciation rates for homes in La Marque have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.01%, which ranks in the top 40% nationwide. This equates to an annual average La Marque house appreciation rate of 0.77%.

Over the last year, La Marque appreciation rates have trailed the rest of the nation. In the last twelve months, La Marque's appreciation rate has been 0.67%, 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 Marque were at 1.83%, which equates to an annual appreciation rate of 7.53%.

Relative to Texas, our data show that La Marque's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$108,362

La Marque, TX HOME PRICES

Value Range
> $1,129,000 0.1
$847,001 - $1,129,000 0.1
$564,001 - $847,000 0.7
$452,001 - $564,000 0.6
$339,001 - $452,000 2.0
$226,001 - $339,000 6.1
$113,001 - $226,000 23.5
$56,001 - $113,000 46.8
$0 - $56,000 20.1

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
73.437957486678 58.4466019417476

Number Of Homes And Apartments:
5,489

Rent & Ownership

 

Average Market Rent:
$955 / per month

Homeownership Rate

Homeownership
Owners 72.31
Renters 27.69
Vacant 13.44

Housing Market Details

 

Age of Homes

AGE OF La Marque HOMES
2000 or Newer 17.5
1970 - 1999 27.0
1940 - 1969 52.2
1939 or Older 3.2

Types of Homes

TYPE OF La Marque HOMES
Single-Family 89.6
Townhomes 0.9
Small Apt. Buildings 1.8
Apt. Complexes 4.8
Mobile Homes 2.9
Other 0.1

Home Size

SIZE OF La Marque HOMES
No Bedroom 0.00
1 Bedroom 3.91
2 Bedrooms 28.89
3 Bedrooms 54.77
4 Bedrooms 10.58
5 or more bedrooms 1.85

La Marque Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
47.18% 2.30% 2 6
* 10 is highest