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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.



Pecos, 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

Pecos, TX Housing Market Trends

With 12,673 people, 3,242 houses or apartments, and a median cost of homes of $155,251, house prices in Pecos are solidly below the national average.

Single-family detached homes are the single most common housing type in Pecos, accounting for 77.48% of the city's housing units. Other types of housing that are prevalent in Pecos include duplexes, homes converted to apartments or other small apartment buildings ( 9.03%), large apartment complexes or high rise apartments ( 5.74%), and a few mobile homes or trailers ( 5.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pecos. Owner-occupied housing accounts for 72.42% of Pecos's homes, and 67.27% have either three or four bedrooms, which is average sized relative to America.

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. Pecos's housing was primarily built during this period, from the '40s through the '60s. A full 56.09% of the city's housing hails from this era. Other housing ages represented in Pecos include homes built between 1970-1999 ( 26.04%) and housing constructed between 2000 and later ( 14.27%). There's also some housing in Pecos built before 1939 ( 3.60%).

Vacant housing appears to be an issue in Pecos. Fully 17.44% of the housing stock is classified as vacant. Left unchecked, vacant Pecos homes and apartments can be a drag on the real estate market, holding Pecos 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.

Pecos Home Appreciation Rates

In the last 10 years, Pecos has experienced some of the highest home appreciation rates of any community in the nation. Pecos real estate appreciated 141.55% over the last ten years, which is an average annual home appreciation rate of 9.22%, putting Pecos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pecos definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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

Relative to Texas, our data show that Pecos's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$155,251

Pecos, TX Home Prices
> $1,479,000
$1,109,001 - $1,479,000
$739,001 - $1,109,000
$591,001 - $739,000
$444,001 - $591,000
$296,001 - $444,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
0.6%
0.6%
0.0%
0.0%
0.1%
0.1%
1.4%
1.4%
2.1%
2.1%
11.6%
11.6%
41.8%
41.8%
26.7%
26.7%
15.5%
15.5%
0% 100.0%
% of Homes
Low

for Texas

Very Low

for nation

Number of Homes And Apartments:

3,242

Pecos Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,594 / per month

Homeownership Rate

Owners
Renters
72.4%
72.4%
27.6%
27.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
17.4%
17.4%
82.6%
82.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.3%
14.3%
26.0%
26.0%
56.1%
56.1%
3.6%
3.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.5%
77.5%
2.0%
2.0%
9.0%
9.0%
5.7%
5.7%
5.7%
5.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.2%
4.2%
6.9%
6.9%
20.3%
20.3%
55.0%
55.0%
12.2%
12.2%
1.4%
1.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Pecos

Popular Communities Near Pecos, TX

Zip Codes in Pecos, TX