Port Isabel, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Isabel, 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 Isabel Housing Market Information

With a population of 5,016, 1,826 total housing units (homes and apartments), and a median house value of $133,699, house prices in Port Isabel are solidly below the national average.

Single-family detached homes are the single most common housing type in Port Isabel, accounting for 43.84% of the city's housing units. Other types of housing that are prevalent in Port Isabel include mobile homes or trailers ( 21.75%), duplexes, homes converted to apartments or other small apartment buildings ( 17.27%), and a few large apartment complexes or high rise apartments ( 12.66%).

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

There is a lot of housing in Port Isabel built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Port Isabel built between 2000 and later ( 15.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.03%). There's also some housing in Port Isabel built before 1939 ( 4.52%).

Vacant housing appears to be an issue in Port Isabel. Fully 21.36% of the housing stock is classified as vacant. Left unchecked, vacant Port Isabel homes and apartments can be a drag on the real estate market, holding Port Isabel 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 Isabel Home Appreciation Rates

Appreciation rates for homes in Port Isabel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.14%, which ranks in the top 30% nationwide. This equates to an annual average Port Isabel house appreciation rate of 1.33%.

Appreciation rates are so strong in Port Isabel that despite a nationwide downturn in the housing market, Port Isabel real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Isabel appreciation rates continue to be some of the highest in America, at 19.25%, which is higher than appreciation rates in 99.81% 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 Isabel. Port Isabel appreciation rates in the latest quarter were at 1.40%, which equates to an annual appreciation rate of 5.73%.

Relative to Texas, our data show that Port Isabel's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$133,699

Port Isabel, TX HOME PRICES

Value Range
> $1,181,000 2.1
$886,001 - $1,181,000 0.0
$590,001 - $886,000 0.1
$472,001 - $590,000 2.1
$354,001 - $472,000 8.4
$236,001 - $354,000 9.9
$118,001 - $236,000 25.6
$59,001 - $118,000 24.2
$0 - $59,000 27.6

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
57.8401500058596 41.147859922179

Number Of Homes And Apartments:
1,826

Port Isabel 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
65.99% 2.98% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 60.90
Renters 39.10
Vacant 21.36

Housing Market Details

 

Age of Homes

AGE OF Port Isabel HOMES
2000 or Newer 15.6
1970 - 1999 64.8
1940 - 1969 15.0
1939 or Older 4.5

Types of Homes

TYPE OF Port Isabel HOMES
Single-Family 43.8
Townhomes 4.1
Small Apt. Buildings 17.3
Apt. Complexes 12.7
Mobile Homes 21.7
Other 0.4

Home Size

SIZE OF Port Isabel HOMES
No Bedroom 1.89
1 Bedroom 20.84
2 Bedrooms 35.87
3 Bedrooms 34.41
4 Bedrooms 5.34
5 or more bedrooms 1.64

Popular Neighborhoods in Port Isabel

Zip Codes in Port Isabel, TX