La Vernia, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating La Vernia Neighborhoods Since 2000




La Vernia, 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 Vernia Housing Market Information

With a population of 1,261, 478 total housing units (homes and apartments), and a median house value of $176,093, La Vernia real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in La Vernia, accounting for 70.45% of the city's housing units. Other types of housing that are prevalent in La Vernia include mobile homes or trailers ( 16.83%), duplexes, homes converted to apartments or other small apartment buildings ( 9.59%), and a few large apartment complexes or high rise apartments ( 1.57%).

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 Vernia. Owner-occupied housing accounts for 78.66% of La Vernia's homes, and 67.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in La Vernia 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 Vernia built between 2000 and later ( 29.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.81%). There's also some housing in La Vernia built before 1939 ( 6.46%).

La Vernia Home Appreciation Rates

In the last 10 years, La Vernia has experienced some of the highest home appreciation rates of any community in the nation. La Vernia real estate appreciated 24.84% over the last ten years, which is an average annual home appreciation rate of 2.24%, putting La Vernia in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, La Vernia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, La Vernia's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, La Vernia's appreciation rate has been 0.94%, which annualizes to a rate of 3.83%.

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

Average Home Values

 

Median Home Value:
$176,093

La Vernia, TX HOME PRICES

Value Range
> $1,147,000 0.0
$861,001 - $1,147,000 0.0
$573,001 - $861,000 2.3
$459,001 - $573,000 0.8
$344,001 - $459,000 10.2
$229,001 - $344,000 23.6
$114,001 - $229,000 37.6
$57,001 - $114,000 14.7
$0 - $57,000 10.8

High for TX
High for Nation

Value Relative to Nation Value Relative to State
39.569905074417 23.3463035019455

Number Of Homes And Apartments:
478

La Vernia 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
69.77% 3.12% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,195 / per month

Homeownership Rate

Homeownership
Owners 78.66
Renters 21.34
Vacant 6.46

Housing Market Details

 

Age of Homes

AGE OF La Vernia HOMES
2000 or Newer 29.4
1970 - 1999 46.4
1940 - 1969 17.8
1939 or Older 6.5

Types of Homes

TYPE OF La Vernia HOMES
Single-Family 70.5
Townhomes 1.6
Small Apt. Buildings 9.6
Apt. Complexes 1.6
Mobile Homes 16.8
Other 0.0

Home Size

SIZE OF La Vernia HOMES
No Bedroom 0.98
1 Bedroom 6.26
2 Bedrooms 24.66
3 Bedrooms 56.75
4 Bedrooms 10.76
5 or more bedrooms 0.59

Popular Neighborhoods in La Vernia

Zip Codes in La Vernia, TX