Port Lavaca, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Port Lavaca Neighborhoods Since 2000




Port Lavaca, TX Real Estate Data


Port Lavaca Housing Market Information

With a population of 12,416, 4,375 total housing units (homes and apartments), and a median house value of $113,807, house prices in Port Lavaca are solidly below the national average.

Single-family detached homes are the single most common housing type in Port Lavaca, accounting for 73.44% of the city's housing units. Other types of housing that are prevalent in Port Lavaca include duplexes, homes converted to apartments or other small apartment buildings ( 10.04%), mobile homes or trailers ( 8.06%), and a few large apartment complexes or high rise apartments ( 7.62%).

The most prevalent building size and type in Port Lavaca are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.47% owning and 38.53% 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 Lavaca's housing was primarily built during this period, from the '40s through the '60s. A full 49.60% of the city's housing hails from this era. Other housing ages represented in Port Lavaca include homes built between 1970-1999 ( 42.64%) and housing constructed between 2000 and later ( 5.66%). There's also some housing in Port Lavaca built before 1939 ( 2.10%).

Vacant housing appears to be an issue in Port Lavaca. Fully 11.58% of the housing stock is classified as vacant. Left unchecked, vacant Port Lavaca homes and apartments can be a drag on the real estate market, holding Port Lavaca 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 Lavaca Home Appreciation Rates

In the last 10 years, Port Lavaca has experienced some of the highest home appreciation rates of any community in the nation. Port Lavaca real estate appreciated 35.63% over the last ten years, which is an average annual home appreciation rate of 3.09%, putting Port Lavaca in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Lavaca 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 Lavaca's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Port Lavaca's appreciation rate has been 1.00%, which annualizes to a rate of 4.05%.

Relative to Texas, our data show that Port Lavaca's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$113,807

Port Lavaca, TX HOME PRICES

Value Range
> $1,130,000 0.0
$848,001 - $1,130,000 0.0
$565,001 - $848,000 0.7
$452,001 - $565,000 1.3
$339,001 - $452,000 2.1
$226,001 - $339,000 8.5
$113,001 - $226,000 34.7
$56,001 - $113,000 33.9
$0 - $56,000 18.7

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
68.9030821516465 52.6264591439689

Number Of Homes And Apartments:
4,375

Rent & Ownership

 

Average Market Rent:
$1,035 / per month

Homeownership Rate

Homeownership
Owners 61.47
Renters 38.53
Vacant 11.58

Housing Market Details

 

Age of Homes

AGE OF Port Lavaca HOMES
2000 or Newer 5.7
1970 - 1999 42.6
1940 - 1969 49.6
1939 or Older 2.1

Types of Homes

TYPE OF Port Lavaca HOMES
Single-Family 73.4
Townhomes 0.8
Small Apt. Buildings 10.0
Apt. Complexes 7.6
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Port Lavaca HOMES
No Bedroom 2.08
1 Bedroom 6.53
2 Bedrooms 33.37
3 Bedrooms 46.71
4 Bedrooms 8.37
5 or more bedrooms 2.95

Port Lavaca Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
83.16% 3.57% 7 9
* 10 is highest

Popular Neighborhoods in Port Lavaca

Popular Communities Near Port Lavaca, TX

Zip Codes in Port Lavaca, TX