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

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 Neches Housing Market Information

With a population of 12,786, 4,994 total housing units (homes and apartments), and a median house value of $164,653, 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 84.41% of the city's housing units. Other types of housing that are prevalent in Port Neches include large apartment complexes or high rise apartments ( 10.58%), row houses and other attached homes ( 2.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.72%).

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 75.15% of Port Neches's homes, and 73.25% 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 ( 36.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.25%). There's also some housing in Port Neches built before 1939 ( 6.74%).

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 22.70% over the last ten years, which is an average annual home appreciation rate of 2.07%, putting Port Neches in the top 20% 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.

NeighborhoodScout's data show that during the latest twelve months, Port Neches's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Port Neches's appreciation rate has been -1.13%, which annualizes to a rate of -4.46%.

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

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:
$164,653

Port Neches, TX HOME PRICES

Value Range
> $1,142,000 0.0
$856,001 - $1,142,000 0.6
$571,001 - $856,000 0.8
$457,001 - $571,000 0.3
$342,001 - $457,000 4.5
$228,001 - $342,000 15.4
$114,001 - $228,000 44.3
$57,001 - $114,000 27.7
$0 - $57,000 6.5

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
43.7712410641041 27.5291828793774

Number Of Homes And Apartments:
4,994

Port Neches 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
67.87% 3.05% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,227 / per month

Homeownership Rate

Homeownership
Owners 75.15
Renters 24.85
Vacant 7.76

Housing Market Details

 

Age of Homes

AGE OF Port Neches HOMES
2000 or Newer 10.3
1970 - 1999 46.1
1940 - 1969 36.9
1939 or Older 6.7

Types of Homes

TYPE OF Port Neches HOMES
Single-Family 84.4
Townhomes 2.1
Small Apt. Buildings 1.7
Apt. Complexes 10.6
Mobile Homes 1.1
Other 0.1

Home Size

SIZE OF Port Neches HOMES
No Bedroom 0.65
1 Bedroom 6.63
2 Bedrooms 17.45
3 Bedrooms 59.84
4 Bedrooms 13.41
5 or more bedrooms 2.01