Raymondville, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Raymondville Neighborhoods Since 2000




Raymondville, 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

Raymondville Housing Market Information

With 11,139 people, 2,513 houses or apartments, and a median cost of homes of $56,550, house prices in Raymondville are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Raymondville, accounting for 76.99% of the city's housing units. Other types of housing that are prevalent in Raymondville include mobile homes or trailers ( 10.39%), duplexes, homes converted to apartments or other small apartment buildings ( 6.66%), and a few large apartment complexes or high rise apartments ( 4.46%).

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

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. Raymondville's housing was primarily built during this period, from the '40s through the '60s. A full 45.75% of the city's housing hails from this era. Other housing ages represented in Raymondville include homes built between 1970-1999 ( 40.16%) and housing constructed between 2000 and later ( 10.96%). There's also some housing in Raymondville built before 1939 ( 3.13%).

Vacant housing appears to be an issue in Raymondville. Fully 16.32% of the housing stock is classified as vacant. Left unchecked, vacant Raymondville homes and apartments can be a drag on the real estate market, holding Raymondville 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.

Raymondville Home Appreciation Rates

In the last 10 years, Raymondville has experienced some of the highest home appreciation rates of any community in the nation. Raymondville real estate appreciated 19.00% over the last ten years, which is an average annual home appreciation rate of 1.75%, putting Raymondville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Raymondville 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 Raymondville that despite a nationwide downturn in the housing market, Raymondville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Raymondville appreciation rates continue to be some of the highest in America, at 5.88%, which is higher than appreciation rates in 73.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Raymondville. Raymondville appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

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

Average Home Values

 

Median Home Value:
$56,550

Raymondville, TX HOME PRICES

Value Range
> $1,111,000 0.0
$833,001 - $1,111,000 0.0
$555,001 - $833,000 0.8
$444,001 - $555,000 0.0
$333,001 - $444,000 0.3
$222,001 - $333,000 0.0
$111,001 - $222,000 13.6
$55,001 - $111,000 37.6
$0 - $55,000 47.8

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
98.6112738778859 96.7898832684825

Number Of Homes And Apartments:
2,513

Raymondville 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
70.92% 3.16% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$696 / per month

Homeownership Rate

Homeownership
Owners 58.82
Renters 41.18
Vacant 16.32

Housing Market Details

 

Age of Homes

AGE OF Raymondville HOMES
2000 or Newer 11.0
1970 - 1999 40.2
1940 - 1969 45.8
1939 or Older 3.1

Types of Homes

TYPE OF Raymondville HOMES
Single-Family 77.0
Townhomes 0.5
Small Apt. Buildings 6.7
Apt. Complexes 4.5
Mobile Homes 10.4
Other 1.0

Home Size

SIZE OF Raymondville HOMES
No Bedroom 9.99
1 Bedroom 7.76
2 Bedrooms 33.67
3 Bedrooms 35.73
4 Bedrooms 12.05
5 or more bedrooms 0.80

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Zip Codes in Raymondville, TX