Mexia, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mexia Neighborhoods Since 2000




Mexia, TX Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Mexia Housing Market Information

With a population of 7,406, 2,249 total housing units (homes and apartments), and a median house value of $73,696, 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 70.96% of the city's housing units. Other types of housing that are prevalent in Mexia include mobile homes or trailers ( 11.85%), duplexes, homes converted to apartments or other small apartment buildings ( 9.63%), and a few large apartment complexes or high rise apartments ( 6.58%).

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 59.22% owning and 40.78% 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 ( 36.24%). A lesser amount of the housing stock also hails from before 1939 ( 9.98%). There's also some housing in Mexia built between 2000 and later ( 8.00%).

Vacant housing appears to be an issue in Mexia. Fully 22.07% 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

In the last 10 years, Mexia has experienced some of the highest home appreciation rates of any community in the nation. Mexia real estate appreciated 15.58% over the last ten years, which is an average annual home appreciation rate of 1.46%, putting Mexia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mexia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Mexia's appreciation rate, at 4.94%, has been at or slightly above the national average. In the latest quarter, Mexia's appreciation rate has been 0.45%, which annualizes to a rate of 1.82%.

Relative to Texas, our data show that Mexia's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$73,696

Mexia, TX HOME PRICES

Value Range
> $1,124,000 0.3
$843,001 - $1,124,000 0.0
$562,001 - $843,000 0.5
$450,001 - $562,000 1.0
$338,001 - $450,000 0.8
$225,001 - $338,000 0.6
$113,001 - $225,000 17.4
$56,001 - $113,000 40.9
$0 - $56,000 38.4

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
93.7009258174147 87.2568093385214

Number Of Homes And Apartments:
2,249

Mexia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
72.74% 3.22% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$935 / per month

Homeownership Rate

Homeownership
Owners 59.22
Renters 40.78
Vacant 22.07

Housing Market Details

 

Age of Homes

AGE OF Mexia HOMES
2000 or Newer 8.0
1970 - 1999 45.8
1940 - 1969 36.2
1939 or Older 10.0

Types of Homes

TYPE OF Mexia HOMES
Single-Family 71.0
Townhomes 1.0
Small Apt. Buildings 9.6
Apt. Complexes 6.6
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Mexia HOMES
No Bedroom 0.97
1 Bedroom 9.70
2 Bedrooms 34.72
3 Bedrooms 42.45
4 Bedrooms 11.47
5 or more bedrooms 0.69

Popular Neighborhoods in Mexia

Zip Codes in Mexia, TX