La Marque, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Marque Neighborhoods Since 2000




La Marque, 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 Marque Housing Market Information

With 15,908 people, 5,568 houses or apartments, and a median cost of homes of $84,500, 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 89.16% of the city's housing units. Other types of housing that are prevalent in La Marque include large apartment complexes or high rise apartments ( 5.60%), mobile homes or trailers ( 3.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.76%).

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 70.89% of La Marque's homes, and 63.47% 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 48.66% of the city's housing hails from this era. Other housing ages represented in La Marque include homes built between 1970-1999 ( 28.04%) and housing constructed between 2000 and later ( 20.12%). There's also some housing in La Marque built before 1939 ( 3.18%).

Vacant housing appears to be an issue in La Marque. Fully 16.02% 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 12.28%, which ranks in the top 30% nationwide. This equates to an annual average La Marque house appreciation rate of 1.16%.

Appreciation rates are so strong in La Marque that despite a nationwide downturn in the housing market, La Marque real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, La Marque appreciation rates continue to be some of the highest in America, at 9.70%, which is higher than appreciation rates in 92.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in La Marque. La Marque appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$84,500

La Marque, TX HOME PRICES

Value Range
> $1,152,000 0.0
$864,001 - $1,152,000 0.1
$576,001 - $864,000 0.8
$461,001 - $576,000 0.7
$346,001 - $461,000 2.1
$231,001 - $346,000 5.6
$115,001 - $231,000 24.3
$58,001 - $115,000 46.7
$0 - $58,000 19.8

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
87.7124106410407 79.6692607003891

Number Of Homes And Apartments:
5,568

La Marque 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
55.55% 2.59% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Homeownership
Owners 70.89
Renters 29.11
Vacant 16.02

Housing Market Details

 

Age of Homes

AGE OF La Marque HOMES
2000 or Newer 20.1
1970 - 1999 28.0
1940 - 1969 48.7
1939 or Older 3.2

Types of Homes

TYPE OF La Marque HOMES
Single-Family 89.2
Townhomes 0.2
Small Apt. Buildings 1.8
Apt. Complexes 5.6
Mobile Homes 3.1
Other 0.2

Home Size

SIZE OF La Marque HOMES
No Bedroom 0.18
1 Bedroom 4.62
2 Bedrooms 29.65
3 Bedrooms 53.44
4 Bedrooms 10.03
5 or more bedrooms 2.08