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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 255,473 people, 66,308 houses or apartments, and a median cost of homes of $106,969, house prices in Laredo are solidly below the national average.
Single-family detached homes are the single most common housing type in Laredo, accounting for 66.43% of the city's housing units. Other types of housing that are prevalent in Laredo include large apartment complexes or high rise apartments ( 14.06%), mobile homes or trailers ( 8.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.93%).
The most prevalent building size and type in Laredo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.54% owning and 38.46% renting.
There is a lot of housing in Laredo 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 Laredo built between 2000 and later ( 29.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.06%). There's also some housing in Laredo built before 1939 ( 3.44%).
Appreciation rates for homes in Laredo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.76%, which ranks in the top 40% nationwide. This equates to an annual average Laredo house appreciation rate of 0.56%.
Over the last year, Laredo appreciation rates have trailed the rest of the nation. In the last twelve months, Laredo's appreciation rate has been 0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Laredo were at 2.84%, which equates to an annual appreciation rate of 11.85%.
Importantly, NeighborhoodScout’s exclusive research found that Laredo's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Texas, our data show that Laredo's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Laredo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Laredo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Laredo real estate investment or home purchase decisions.
|$822,001 - $1,097,000||0.3|
|$548,001 - $822,000||0.7|
|$439,001 - $548,000||0.7|
|$329,001 - $439,000||2.7|
|$219,001 - $329,000||7.3|
|$110,001 - $219,000||39.3|
|$55,001 - $110,000||35.6|
|$0 - $55,000||13.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Laredo HOMES|
|2000 or Newer||29.7|
|1970 - 1999||50.8|
|1940 - 1969||16.1|
|1939 or Older||3.4|
|TYPE OF Laredo HOMES|
|Small Apt. Buildings||7.9|
|SIZE OF Laredo HOMES|
|5 or more bedrooms||3.15|