Port Arthur, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Arthur, 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

Port Arthur Housing Market Information

With a population of 55,340, 19,806 total housing units (homes and apartments), and a median house value of $67,807, house prices in Port Arthur 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 Port Arthur, accounting for 71.65% of the city's housing units. Other types of housing that are prevalent in Port Arthur include large apartment complexes or high rise apartments ( 21.19%), duplexes, homes converted to apartments or other small apartment buildings ( 5.14%), and a few row houses and other attached homes ( 1.12%).

The most prevalent building size and type in Port Arthur are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.00% owning and 42.00% renting.

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. Port Arthur's housing was primarily built during this period, from the '40s through the '60s. A full 45.07% of the city's housing hails from this era. Other housing ages represented in Port Arthur include homes built between 1970-1999 ( 31.26%) and housing constructed between 2000 and later ( 15.41%). There's also some housing in Port Arthur built before 1939 ( 8.26%).

Vacant housing appears to be an issue in Port Arthur. Fully 17.17% of the housing stock is classified as vacant. Left unchecked, vacant Port Arthur homes and apartments can be a drag on the real estate market, holding Port Arthur 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.

Port Arthur Home Appreciation Rates

In the last 10 years, Port Arthur has experienced some of the highest home appreciation rates of any community in the nation. Port Arthur real estate appreciated 15.23% over the last ten years, which is an average annual home appreciation rate of 1.43%, putting Port Arthur in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Arthur definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Port Arthur's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Port Arthur's appreciation rate has been -1.13%, which annualizes to a rate of -4.46%.

Notably, Port Arthur's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Port Arthur's latest annual appreciation rate is lower than 50% 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 Port Arthur differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Arthur - 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 Port Arthur real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$67,807

Port Arthur, TX HOME PRICES

Value Range
> $1,148,000 0.1
$861,001 - $1,148,000 0.3
$574,001 - $861,000 0.6
$459,001 - $574,000 0.5
$345,001 - $459,000 1.5
$230,001 - $345,000 5.0
$115,001 - $230,000 20.2
$57,001 - $115,000 36.8
$0 - $57,000 34.9

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
96.0564865815071 91.9260700389105

Number Of Homes And Apartments:
19,806

Port Arthur 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
61.31% 2.81% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$923 / per month

Homeownership Rate

Homeownership
Owners 58.00
Renters 42.00
Vacant 17.17

Housing Market Details

 

Age of Homes

AGE OF Port Arthur HOMES
2000 or Newer 15.4
1970 - 1999 31.3
1940 - 1969 45.1
1939 or Older 8.3

Types of Homes

TYPE OF Port Arthur HOMES
Single-Family 71.7
Townhomes 1.1
Small Apt. Buildings 5.1
Apt. Complexes 21.2
Mobile Homes 0.9
Other 0.0

Home Size

SIZE OF Port Arthur HOMES
No Bedroom 1.89
1 Bedroom 15.38
2 Bedrooms 32.19
3 Bedrooms 41.11
4 Bedrooms 8.55
5 or more bedrooms 0.88