Pearsall, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pearsall Neighborhoods Since 2000




Pearsall, 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

Pearsall Housing Market Information

With a population of 9,980, 2,369 total housing units (homes and apartments), and a median house value of $63,902, house prices in Pearsall 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 Pearsall, accounting for 73.70% of the city's housing units. Other types of housing that are prevalent in Pearsall include mobile homes or trailers ( 13.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.38%), and a few large apartment complexes or high rise apartments ( 3.78%).

The most prevalent building size and type in Pearsall are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.06% owning and 43.94% renting.

There is a lot of housing in Pearsall 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 Pearsall built between 1940-1969 ( 38.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.05%). There's also some housing in Pearsall built before 1939 ( 3.53%).

Vacant housing appears to be an issue in Pearsall. Fully 14.75% of the housing stock is classified as vacant. Left unchecked, vacant Pearsall homes and apartments can be a drag on the real estate market, holding Pearsall 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.

Pearsall Home Appreciation Rates

In the last 10 years, Pearsall has experienced some of the highest home appreciation rates of any community in the nation. Pearsall real estate appreciated 41.67% over the last ten years, which is an average annual home appreciation rate of 3.54%, putting Pearsall in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pearsall definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Pearsall that despite a nationwide downturn in the housing market, Pearsall real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pearsall appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 78.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pearsall. Pearsall appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$63,902

Pearsall, TX HOME PRICES

Value Range
> $1,162,000 0.0
$872,001 - $1,162,000 0.0
$581,001 - $872,000 0.5
$465,001 - $581,000 0.1
$349,001 - $465,000 4.1
$232,001 - $349,000 0.6
$116,001 - $232,000 28.1
$58,001 - $116,000 33.6
$0 - $58,000 33.1

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
97.1053556779562 93.7743190661479

Number Of Homes And Apartments:
2,369

Pearsall 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
100.34% 4.11% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$888 / per month

Homeownership Rate

Homeownership
Owners 56.06
Renters 43.94
Vacant 14.75

Housing Market Details

 

Age of Homes

AGE OF Pearsall HOMES
2000 or Newer 7.1
1970 - 1999 50.6
1940 - 1969 38.8
1939 or Older 3.5

Types of Homes

TYPE OF Pearsall HOMES
Single-Family 73.7
Townhomes 0.4
Small Apt. Buildings 8.4
Apt. Complexes 3.8
Mobile Homes 13.7
Other 0.0

Home Size

SIZE OF Pearsall HOMES
No Bedroom 2.99
1 Bedroom 6.66
2 Bedrooms 23.32
3 Bedrooms 54.95
4 Bedrooms 9.54
5 or more bedrooms 2.55

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Zip Codes in Pearsall, TX