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Laredo, TX Real Estate Market

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 Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Laredo, TX Housing Market Trends

With 255,205 people, 72,328 houses or apartments, and a median cost of homes of $169,260, 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 66.17% of the city's housing units. Other types of housing that are prevalent in Laredo include large apartment complexes or high rise apartments ( 15.44%), mobile homes or trailers ( 8.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.04%).

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 61.70% owning and 38.30% 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 ( 36.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.26%). There's also some housing in Laredo built before 1939 ( 3.21%).

Laredo Home Appreciation Rates

Real estate appreciation rates in Laredo's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.50% during the period.

NeighborhoodScout's data show that during the latest twelve months, Laredo's appreciation rate, at 13.38%, has been at or slightly above the national average. In the latest quarter, Laredo's appreciation rate has been 4.71%, which annualizes to a rate of 20.19%.

Importantly, this makes Laredo one of the highest appreciating communities in the nation for the latest quarter, and 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.

Average Home Values

 

Median Home Value:
$169,260

Laredo, TX HOME PRICES

> $1,270,000
$953,001 - $1,270,000
$635,001 - $953,000
$508,001 - $635,000
$381,001 - $508,000
$254,001 - $381,000
$127,001 - $254,000
$63,001 - $127,000
$0 - $63,000
0.3%
0.3%
0.3%
0.3%
1.3%
1.3%
1.2%
1.2%
4.2%
4.2%
14.7%
14.7%
44.4%
44.4%
25.1%
25.1%
8.5%
8.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for TX

Value Relative To Nation

Number Of Homes And Apartments:
72,328

Laredo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
97.98% 3.08%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,329 / per month

Homeownership Rate

Owners
Renters
Vacant
61.7%
61.7%
38.3%
38.3%
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.4%
36.4%
46.2%
46.2%
14.3%
14.3%
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.2%
66.2%
3.6%
3.6%
6.0%
6.0%
15.4%
15.4%
8.7%
8.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
8.3%
8.3%
23.5%
23.5%
47.1%
47.1%
15.0%
15.0%
3.0%
3.0%
0.0% 100.0%
% OF HOMES