Port Neches, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Port Neches Neighborhoods Since 2000




Port Neches, TX Real Estate Data


Port Neches Housing Market Information

With 12,786 people, 4,818 houses or apartments, and a median cost of homes of $152,349, Port Neches real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Port Neches, accounting for 85.90% of the city's housing units. Other types of housing that are prevalent in Port Neches include large apartment complexes or high rise apartments ( 8.51%), row houses and other attached homes ( 1.78%), and a few mobile homes or trailers ( 1.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Neches. Owner-occupied housing accounts for 76.84% of Port Neches's homes, and 71.41% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Port Neches 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 Neches built between 1940-1969 ( 39.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.69%). There's also some housing in Port Neches built before 1939 ( 5.77%).

Port Neches Home Appreciation Rates

In the last 10 years, Port Neches has experienced some of the highest home appreciation rates of any community in the nation. Port Neches real estate appreciated 28.36% over the last ten years, which is an average annual home appreciation rate of 2.53%, putting Port Neches in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Neches 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 Port Neches that despite a nationwide downturn in the housing market, Port Neches real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Neches appreciation rates continue to be some of the highest in America, at 6.61%, which is higher than appreciation rates in 81.14% 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 Neches. Port Neches 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 Neches's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$152,349

Port Neches, TX HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.6
$559,001 - $837,000 1.2
$447,001 - $559,000 0.3
$335,001 - $447,000 7.4
$223,001 - $335,000 14.0
$112,001 - $223,000 41.0
$56,001 - $112,000 28.1
$0 - $56,000 7.5

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
49.7569830766528 32.7184466019417

Number Of Homes And Apartments:
4,818

Rent & Ownership

 

Average Market Rent:
$1,097 / per month

Homeownership Rate

Homeownership
Owners 76.84
Renters 23.16
Vacant 8.84

Housing Market Details

 

Age of Homes

AGE OF Port Neches HOMES
2000 or Newer 9.7
1970 - 1999 44.9
1940 - 1969 39.7
1939 or Older 5.8

Types of Homes

TYPE OF Port Neches HOMES
Single-Family 85.9
Townhomes 1.8
Small Apt. Buildings 1.5
Apt. Complexes 8.5
Mobile Homes 1.6
Other 0.8

Home Size

SIZE OF Port Neches HOMES
No Bedroom 0.93
1 Bedroom 6.24
2 Bedrooms 18.33
3 Bedrooms 57.07
4 Bedrooms 14.34
5 or more bedrooms 3.08

Port Neches 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
68.57% 3.12% 5 8
* 10 is highest