Mineola, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mineola, 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

Mineola Housing Market Information

With a population of 4,625, 1,512 total housing units (homes and apartments), and a median house value of $99,576, 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 75.85% 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 ( 16.01%), mobile homes or trailers ( 6.00%), and a few large apartment complexes or high rise apartments ( 1.32%).

The most prevalent building size and type in Mineola are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.17% owning and 35.83% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mineola's housing was primarily built during this period, from the '40s through the '60s. A full 38.06% of the city's housing hails from this era. Other housing ages represented in Mineola include homes built between 1970-1999 ( 37.35%) and housing constructed before 1939 ( 19.20%). There's also some housing in Mineola built between 2000 and later ( 5.39%).

Vacant housing appears to be an issue in Mineola. Fully 16.83% 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 7.47%, which ranks in the top 40% nationwide. This equates to an annual average Mineola house appreciation rate of 0.72%.

Over the last year, Mineola appreciation rates have trailed the rest of the nation. In the last twelve months, Mineola's appreciation rate has been 2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mineola were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$99,576

Mineola, TX HOME PRICES

Value Range
> $1,089,000 0.0
$816,001 - $1,089,000 0.0
$544,001 - $816,000 0.0
$435,001 - $544,000 0.0
$327,001 - $435,000 2.3
$218,001 - $327,000 2.1
$109,001 - $218,000 38.3
$55,001 - $109,000 41.8
$0 - $55,000 15.5

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
77.8096800656276 65.5642023346304

Number Of Homes And Apartments:
1,512

Mineola 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
41.06% 2.01% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$976 / per month

Homeownership Rate

Homeownership
Owners 64.17
Renters 35.83
Vacant 16.83

Housing Market Details

 

Age of Homes

AGE OF Mineola HOMES
2000 or Newer 5.4
1970 - 1999 37.3
1940 - 1969 38.1
1939 or Older 19.2

Types of Homes

TYPE OF Mineola HOMES
Single-Family 75.9
Townhomes 0.8
Small Apt. Buildings 16.0
Apt. Complexes 1.3
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Mineola HOMES
No Bedroom 1.65
1 Bedroom 8.25
2 Bedrooms 29.76
3 Bedrooms 52.92
4 Bedrooms 5.67
5 or more bedrooms 1.76

Popular Neighborhoods in Mineola

Zip Codes in Mineola, TX