Pecos, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Pecos, 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

Pecos Housing Market Information

With 9,517 people, 2,837 houses or apartments, and a median cost of homes of $41,145, 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 75.94% 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 ( 8.92%), mobile homes or trailers ( 8.49%), and a few large apartment complexes or high rise apartments ( 4.87%).

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 71.78% of Pecos's homes, and 59.28% 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 62.73% of the city's housing hails from this era. Other housing ages represented in Pecos include homes built between 1970-1999 ( 26.90%) and housing constructed before 1939 ( 5.68%). There's also some housing in Pecos built between 2000 and later ( 4.69%).

Vacant housing appears to be an issue in Pecos. Fully 14.24% 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 39.62% over the last ten years, which is an average annual home appreciation rate of 3.39%, 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 7.52%, which is higher than appreciation rates in 84.23% 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 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Pecos's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$41,145

Pecos, TX HOME PRICES

Value Range
> $1,158,000 0.0
$869,001 - $1,158,000 0.7
$579,001 - $869,000 0.0
$463,001 - $579,000 0.0
$347,001 - $463,000 0.0
$232,001 - $347,000 1.3
$116,001 - $232,000 13.3
$58,001 - $116,000 33.2
$0 - $58,000 51.5

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
99.7714754482597 99.4163424124514

Number Of Homes And Apartments:
2,837

Pecos 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
84.34% 3.61% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$957 / per month

Homeownership Rate

Homeownership
Owners 71.78
Renters 28.22
Vacant 14.24

Housing Market Details

 

Age of Homes

AGE OF Pecos HOMES
2000 or Newer 4.7
1970 - 1999 26.9
1940 - 1969 62.7
1939 or Older 5.7

Types of Homes

TYPE OF Pecos HOMES
Single-Family 75.9
Townhomes 1.5
Small Apt. Buildings 8.9
Apt. Complexes 4.9
Mobile Homes 8.5
Other 0.2

Home Size

SIZE OF Pecos HOMES
No Bedroom 7.22
1 Bedroom 7.50
2 Bedrooms 23.76
3 Bedrooms 51.09
4 Bedrooms 8.19
5 or more bedrooms 2.24

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Zip Codes in Pecos, TX