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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.



Mexia, 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

Mexia, TX Housing Market Trends

With 6,868 people, 2,379 houses or apartments, and a median cost of homes of $110,155, house prices in Mexia are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Mexia, accounting for 67.26% of the city's housing units. Other types of housing that are prevalent in Mexia include mobile homes or trailers ( 12.01%), duplexes, homes converted to apartments or other small apartment buildings ( 11.76%), and a few large apartment complexes or high rise apartments ( 7.55%).

The most prevalent building size and type in Mexia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.79% owning and 46.21% renting.

There is a lot of housing in Mexia 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 Mexia built between 1940-1969 ( 22.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.29%). There's also some housing in Mexia built before 1939 ( 9.26%).

Vacant housing appears to be an issue in Mexia. Fully 15.25% of the housing stock is classified as vacant. Left unchecked, vacant Mexia homes and apartments can be a drag on the real estate market, holding Mexia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Mexia Home Appreciation Rates

Appreciation rates for homes in Mexia have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.57%, which ranks in the top 40% nationwide. This equates to an annual average Mexia house appreciation rate of 6.60%.

Over the last year, Mexia appreciation rates have trailed the rest of the nation. In the last twelve months, Mexia's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mexia were at 1.44%, which equates to an annual appreciation rate of 5.89%.

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

Average Home Values

Median Home Value

$110,155

Mexia, TX Home Prices
> $1,235,000
$927,001 - $1,235,000
$618,001 - $927,000
$494,001 - $618,000
$371,001 - $494,000
$247,001 - $371,000
$124,001 - $247,000
$62,001 - $124,000
$0 - $62,000
0.0%
0.0%
0.2%
0.2%
0.7%
0.7%
3.4%
3.4%
3.7%
3.7%
7.3%
7.3%
29.2%
29.2%
41.6%
41.6%
13.8%
13.8%
0% 100.0%
% of Homes
Very Low

for Texas

Very Low

for nation

Number of Homes And Apartments:

2,379

Mexia Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,245 / per month

Homeownership Rate

Owners
Renters
53.8%
53.8%
46.2%
46.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.2%
15.2%
84.8%
84.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.3%
12.3%
56.2%
56.2%
22.2%
22.2%
9.3%
9.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
1.4%
1.4%
11.8%
11.8%
7.6%
7.6%
12.0%
12.0%
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
4.3%
4.3%
7.3%
7.3%
32.5%
32.5%
41.7%
41.7%
13.7%
13.7%
0.5%
0.5%
0% 100.0%
% of Homes

Popular Neighborhoods in Mexia

Zip Codes in Mexia, TX