Pecos, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pecos Neighborhoods Since 2000




Pecos, TX Real Estate Data


Pecos Housing Market Information

With 9,517 people, 2,835 houses or apartments, and a median cost of homes of $65,624, house prices in Pecos 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 Pecos, accounting for 75.67% 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 ( 10.38%), mobile homes or trailers ( 8.56%), and a few large apartment complexes or high rise apartments ( 3.15%).

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 69.38% of Pecos's homes, and 55.64% 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 64.21% of the city's housing hails from this era. Other housing ages represented in Pecos include homes built between 1970-1999 ( 24.81%) and housing constructed before 1939 ( 5.54%). There's also some housing in Pecos built between 2000 and later ( 5.45%).

Vacant housing appears to be an issue in Pecos. Fully 14.22% 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 56.26% over the last ten years, which is an average annual home appreciation rate of 4.56%, 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.

Appreciation rates are so strong in Pecos that despite a nationwide downturn in the housing market, Pecos real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pecos appreciation rates continue to be some of the highest in America, at 9.68%, which is higher than appreciation rates in 97.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pecos. Pecos appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Pecos 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 Pecos's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$65,624

Pecos, TX HOME PRICES

Value Range
> $1,233,000 0.0
$925,001 - $1,233,000 0.0
$616,001 - $925,000 0.0
$493,001 - $616,000 0.0
$370,001 - $493,000 0.0
$247,001 - $370,000 0.8
$123,001 - $247,000 13.6
$62,001 - $123,000 30.5
$0 - $62,000 55.2

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
97.0135269660947 93.9805825242718

Number Of Homes And Apartments:
2,835

Rent & Ownership

 

Average Market Rent:
$960 / per month

Homeownership Rate

Homeownership
Owners 69.38
Renters 30.62
Vacant 14.22

Housing Market Details

 

Age of Homes

AGE OF Pecos HOMES
2000 or Newer 5.4
1970 - 1999 24.8
1940 - 1969 64.2
1939 or Older 5.5

Types of Homes

TYPE OF Pecos HOMES
Single-Family 75.7
Townhomes 1.8
Small Apt. Buildings 10.4
Apt. Complexes 3.1
Mobile Homes 8.6
Other 0.5

Home Size

SIZE OF Pecos HOMES
No Bedroom 5.57
1 Bedroom 8.20
2 Bedrooms 27.84
3 Bedrooms 47.26
4 Bedrooms 8.38
5 or more bedrooms 2.75

Pecos 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
97.26% 4.08% 9 10
* 10 is highest

Popular Neighborhoods in Pecos

Popular Communities Near Pecos, TX

Zip Codes in Pecos, TX