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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.


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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 256,187 people, 74,380 houses or apartments, and a median cost of homes of $178,364, 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 67.24% of the city's housing units. Other types of housing that are prevalent in Laredo include large apartment complexes or high rise apartments ( 15.31%), mobile homes or trailers ( 7.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.43%).

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 62.01% owning and 37.99% 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 ( 40.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.41%). There's also some housing in Laredo built before 1939 ( 3.11%).

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 5.63% during the period.

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 2.82%, 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 0.26%, which equates to an annual appreciation rate of 1.05%.

Relative to Texas, our data show that Laredo's latest annual appreciation rate is lower than 70% 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

$178,364

Laredo, TX Home Prices
> $1,260,000
$945,001 - $1,260,000
$630,001 - $945,000
$504,001 - $630,000
$378,001 - $504,000
$252,001 - $378,000
$126,001 - $252,000
$63,001 - $126,000
$0 - $63,000
0.4%
0.4%
0.9%
0.9%
1.4%
1.4%
2.5%
2.5%
6.3%
6.3%
19.7%
19.7%
42.9%
42.9%
19.3%
19.3%
6.7%
6.7%
0% 100.0%
% of Homes
Low

for Texas

Low

for nation

Number of Homes And Apartments:

74,380

Laredo Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,401 / per month

Homeownership Rate

Owners
Renters
62.0%
62.0%
38.0%
38.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.8%
7.8%
92.2%
92.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
40.7%
40.7%
42.7%
42.7%
13.4%
13.4%
3.1%
3.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.2%
67.2%
2.9%
2.9%
6.4%
6.4%
15.3%
15.3%
7.9%
7.9%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
7.6%
7.6%
23.1%
23.1%
47.9%
47.9%
15.4%
15.4%
3.1%
3.1%
0% 100.0%
% of Homes