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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.



Paris, 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

Paris, TX Housing Market Trends

With 24,695 people, 10,215 houses or apartments, and a median cost of homes of $142,702, house prices in Paris 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 Paris, accounting for 69.18% of the city's housing units. Other types of housing that are prevalent in Paris include large apartment complexes or high rise apartments ( 14.23%), duplexes, homes converted to apartments or other small apartment buildings ( 11.44%), and a few mobile homes or trailers ( 2.63%).

The most prevalent building size and type in Paris are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.37% owning and 51.63% renting.

There is a lot of housing in Paris 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 Paris built between 1940-1969 ( 29.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.49%). There's also some housing in Paris built before 1939 ( 5.71%).

Vacant housing appears to be an issue in Paris. Fully 12.12% of the housing stock is classified as vacant. Left unchecked, vacant Paris homes and apartments can be a drag on the real estate market, holding Paris 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.

Paris Home Appreciation Rates

Appreciation rates for homes in Paris have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.68%, which ranks in the top 30% nationwide. This equates to an annual average Paris house appreciation rate of 7.27%.

Over the last year, Paris appreciation rates have trailed the rest of the nation. In the last twelve months, Paris'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 Paris were at 1.44%, which equates to an annual appreciation rate of 5.89%.

Relative to Texas, our data show that Paris's latest annual appreciation rate is higher 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 Paris differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paris - 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 Paris real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$142,702

Paris, TX Home Prices
> $1,333,000
$1,000,001 - $1,333,000
$667,001 - $1,000,000
$533,001 - $667,000
$400,001 - $533,000
$267,001 - $400,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
0.9%
0.9%
0.4%
0.4%
1.3%
1.3%
2.3%
2.3%
3.2%
3.2%
15.8%
15.8%
29.8%
29.8%
27.9%
27.9%
18.4%
18.4%
0% 100.0%
% of Homes
Very Low

for Texas

Very Low

for nation

Number of Homes And Apartments:

10,215

Paris Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,439 / per month

Homeownership Rate

Owners
Renters
48.4%
48.4%
51.6%
51.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.1%
12.1%
87.9%
87.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.5%
13.5%
51.1%
51.1%
29.7%
29.7%
5.7%
5.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.2%
69.2%
2.1%
2.1%
11.4%
11.4%
14.2%
14.2%
2.6%
2.6%
0.5%
0.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
14.9%
14.9%
32.0%
32.0%
45.1%
45.1%
5.2%
5.2%
1.4%
1.4%
0% 100.0%
% of Homes