Port Arthur, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Port Arthur Neighborhoods Since 2000




Port Arthur, TX Real Estate Data


Port Arthur Housing Market Information

With 55,340 people, 20,283 houses or apartments, and a median cost of homes of $86,313, house prices in Port Arthur are solidly below the national average.

Single-family detached homes are the single most common housing type in Port Arthur, accounting for 71.67% of the city's housing units. Other types of housing that are prevalent in Port Arthur include large apartment complexes or high rise apartments ( 20.80%), duplexes, homes converted to apartments or other small apartment buildings ( 5.33%), and a few row houses and other attached homes ( 1.16%).

People in Port Arthur primarily live in small (one, two or no bedroom) single-family detached homes. Port Arthur has a mixture of owner-occupied and renter-occupied housing.

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 45.85% of the city's housing hails from this era. Other housing ages represented in Port Arthur include homes built between 1970-1999 ( 31.19%) and housing constructed between 2000 and later ( 14.84%). There's also some housing in Port Arthur built before 1939 ( 8.12%).

Vacant housing appears to be an issue in Port Arthur. Fully 17.47% 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

Appreciation rates for homes in Port Arthur have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.24%, which ranks in the top 30% nationwide. This equates to an annual average Port Arthur house appreciation rate of 1.60%.

Appreciation rates are so strong in Port Arthur that despite a nationwide downturn in the housing market, Port Arthur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Arthur appreciation rates continue to be some of the highest in America, at 5.86%, which is higher than appreciation rates in 72.27% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Arthur. Port Arthur appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Texas, our data show that Port Arthur's latest annual appreciation rate is lower than 60% 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:
$86,313

Port Arthur, TX HOME PRICES

Value Range
> $1,100,000 0.2
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.1
$440,001 - $550,000 0.8
$330,001 - $440,000 0.3
$220,001 - $330,000 4.8
$110,001 - $220,000 20.3
$55,001 - $110,000 41.1
$0 - $55,000 32.4

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
87.6061369092932 78.8834951456311

Number Of Homes And Apartments:
20,283

Rent & Ownership

 

Average Market Rent:
$817 / per month

Homeownership Rate

Homeownership
Owners 57.11
Renters 42.89
Vacant 17.47

Housing Market Details

 

Age of Homes

AGE OF Port Arthur HOMES
2000 or Newer 14.8
1970 - 1999 31.2
1940 - 1969 45.8
1939 or Older 8.1

Types of Homes

TYPE OF Port Arthur HOMES
Single-Family 71.7
Townhomes 1.2
Small Apt. Buildings 5.3
Apt. Complexes 20.8
Mobile Homes 1.0
Other 0.1

Home Size

SIZE OF Port Arthur HOMES
No Bedroom 1.88
1 Bedroom 16.06
2 Bedrooms 31.50
3 Bedrooms 41.40
4 Bedrooms 7.95
5 or more bedrooms 1.20

Port Arthur 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
56.36% 2.66% 3 7
* 10 is highest