Mineola, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mineola, TX Real Estate Data


Mineola Housing Market Information

With 4,625 people, 1,534 houses or apartments, and a median cost of homes of $101,570, house prices in Mineola are solidly below the national average.

Single-family detached homes are the single most common housing type in Mineola, accounting for 76.52% of the city's housing units. Other types of housing that are prevalent in Mineola include duplexes, homes converted to apartments or other small apartment buildings ( 13.04%), mobile homes or trailers ( 8.16%), and a few large apartment complexes or high rise apartments ( 1.64%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mineola. Owner-occupied housing accounts for 65.65% of Mineola's homes, and 54.11% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mineola 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 Mineola built between 1940-1969 ( 37.25%). A lesser amount of the housing stock also hails from before 1939 ( 16.85%). There's also some housing in Mineola built between 2000 and later ( 7.63%).

Vacant housing appears to be an issue in Mineola. Fully 18.71% of the housing stock is classified as vacant. Left unchecked, vacant Mineola homes and apartments can be a drag on the real estate market, holding Mineola 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.

Mineola Home Appreciation Rates

Appreciation rates for homes in Mineola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.55%, which ranks in the top 30% nationwide. This equates to an annual average Mineola house appreciation rate of 1.46%.

Appreciation rates are so strong in Mineola that despite a nationwide downturn in the housing market, Mineola real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mineola appreciation rates continue to be some of the highest in America, at 5.85%, which is higher than appreciation rates in 72.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mineola. Mineola appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Mineola 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 Mineola's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$101,570

Mineola, TX HOME PRICES

Value Range
> $1,128,000 0.0
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.0
$452,001 - $564,000 0.9
$339,001 - $452,000 2.3
$226,001 - $339,000 1.9
$113,001 - $226,000 34.2
$56,001 - $113,000 37.9
$0 - $56,000 22.6

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
77.8649645722317 64.7572815533981

Number Of Homes And Apartments:
1,534

Rent & Ownership

 

Average Market Rent:
$799 / per month

Homeownership Rate

Homeownership
Owners 65.65
Renters 34.35
Vacant 18.71

Housing Market Details

 

Age of Homes

AGE OF Mineola HOMES
2000 or Newer 7.6
1970 - 1999 38.3
1940 - 1969 37.3
1939 or Older 16.9

Types of Homes

TYPE OF Mineola HOMES
Single-Family 76.5
Townhomes 0.6
Small Apt. Buildings 13.0
Apt. Complexes 1.6
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Mineola HOMES
No Bedroom 1.48
1 Bedroom 7.53
2 Bedrooms 36.46
3 Bedrooms 47.85
4 Bedrooms 6.25
5 or more bedrooms 0.42

Mineola Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.31% 2.26% 2 6
* 10 is highest

Popular Neighborhoods in Mineola

Zip Codes in Mineola, TX