Port Neches, TX Housing Market Trends
With 13,591 people, 5,188 houses or apartments, and a median cost of homes of $255,657, house prices in Port Neches are solidly below the national average.
Single-family detached homes are the single most common housing type in Port Neches, accounting for 84.22% of the city's housing units. Other types of housing that are prevalent in Port Neches include large apartment complexes or high rise apartments ( 10.01%), duplexes, homes converted to apartments or other small apartment buildings ( 2.52%), and a few mobile homes or trailers ( 1.76%).
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 72.15% of Port Neches's homes, and 67.19% have either three or four bedrooms, which is average sized relative to America.
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 Neches's housing was primarily built during this period, from the '40s through the '60s. A full 44.47% of the city's housing hails from this era. Other housing ages represented in Port Neches include homes built between 1970-1999 ( 41.78%) and housing constructed between 2000 and later ( 12.59%). There's also some housing in Port Neches built before 1939 ( 1.16%).
Vacant housing appears to be an issue in Port Neches. Fully 13.01% of the housing stock is classified as vacant. Left unchecked, vacant Port Neches homes and apartments can be a drag on the real estate market, holding Port Neches 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 Neches Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Port Neches, where house values have increased just 59.21%, which is annualized rate of 4.76%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Port Neches appreciation rates have trailed the rest of the nation. In the last twelve months, Port Neches's appreciation rate has been 4.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Neches were at 2.32%, which equates to an annual appreciation rate of 9.61%.
Relative to Texas, our data show that Port Neches's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
Median Home Value
$255,657
Average
for Texas
Average
for nation
Number of Homes And Apartments:
5,188
TX
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,317 / per month