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.
With 14,404 people, 4,050 houses or apartments, and a median cost of homes of $82,127, house prices in Rio Grande City 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 Rio Grande City, accounting for 77.56% of the city's housing units. Other types of housing that are prevalent in Rio Grande City include duplexes, homes converted to apartments or other small apartment buildings ( 9.63%), large apartment complexes or high rise apartments ( 6.75%), and a few mobile homes or trailers ( 5.89%).
The most prevalent building size and type in Rio Grande City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.37% owning and 37.63% renting.
There is a lot of housing in Rio Grande City 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 Rio Grande City built between 2000 and later ( 25.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.35%). There's also some housing in Rio Grande City built before 1939 ( 4.18%).
Vacant housing appears to be an issue in Rio Grande City. Fully 13.54% of the housing stock is classified as vacant. Left unchecked, vacant Rio Grande City homes and apartments can be a drag on the real estate market, holding Rio Grande City 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.
In the last 10 years, Rio Grande City has experienced some of the highest home appreciation rates of any community in the nation. Rio Grande City real estate appreciated 28.48% over the last ten years, which is an average annual home appreciation rate of 2.54%, putting Rio Grande City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rio Grande City 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 Rio Grande City that despite a nationwide downturn in the housing market, Rio Grande City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rio Grande City appreciation rates continue to be some of the highest in America, at 5.57%, which is higher than appreciation rates in 70.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rio Grande City. Rio Grande City 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 Rio Grande City's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rio Grande City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rio Grande City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rio Grande City real estate investment or home purchase decisions.
|$859,001 - $1,145,000||0.0|
|$573,001 - $859,000||0.2|
|$458,001 - $573,000||0.2|
|$344,001 - $458,000||0.2|
|$229,001 - $344,000||1.8|
|$115,001 - $229,000||29.7|
|$57,001 - $115,000||37.4|
|$0 - $57,000||30.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Rio Grande City HOMES|
|2000 or Newer||25.7|
|1970 - 1999||49.7|
|1940 - 1969||20.3|
|1939 or Older||4.2|
|TYPE OF Rio Grande City HOMES|
|Small Apt. Buildings||9.6|
|SIZE OF Rio Grande City HOMES|
|5 or more bedrooms||1.81|