Median real estate price in the City Center of Laredo is $79,806, which is less expensive than 84.7% of Texas neighborhoods and 90.8% of all U.S. neighborhoods.
The average rental price in Laredo City Center is currently $627, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 95.9% of Texas neighborhoods.
Laredo City Center is a suburban neighborhood (based on population density) located in Laredo, Texas.
Real estate in the City Center of Laredo, TX is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built before 1940.
Laredo City Center has a 16.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 77.0% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.