Rio Grande City, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rio Grande City, TX Real Estate Data


Rio Grande City Housing Market Information

With a population of 14,404, 3,837 total housing units (homes and apartments), and a median house value of $91,414, house prices in Rio Grande City are solidly below the national average.

Single-family detached homes are the single most common housing type in Rio Grande City, accounting for 79.03% 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 ( 8.14%), large apartment complexes or high rise apartments ( 7.11%), and a few mobile homes or trailers ( 5.25%).

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 64.19% owning and 35.81% 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 1940-1969 ( 24.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.36%). There's also some housing in Rio Grande City built before 1939 ( 4.16%).

Vacant housing appears to be an issue in Rio Grande City. Fully 16.02% 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.

Rio Grande City Home Appreciation Rates

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 44.17% over the last ten years, which is an average annual home appreciation rate of 3.73%, 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 7.30%, which is higher than appreciation rates in 87.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rio Grande City. Rio Grande City appreciation rates in the latest quarter were at 2.87%, which equates to an annual appreciation rate of 11.99%.

Importantly, this makes Rio Grande City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Rio Grande City's latest annual appreciation rate is higher than 60% 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.

Average Home Values

 

Median Home Value:
$91,414

Rio Grande City, TX HOME PRICES

Value Range
> $1,207,000 0.4
$905,001 - $1,207,000 0.2
$603,001 - $905,000 0.1
$482,001 - $603,000 0.2
$362,001 - $482,000 0.0
$241,001 - $362,000 4.4
$120,001 - $241,000 29.3
$60,001 - $120,000 34.4
$0 - $60,000 31.0

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
84.4586285647362 74.6601941747573

Number Of Homes And Apartments:
3,837

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 64.19
Renters 35.81
Vacant 16.02

Housing Market Details

 

Age of Homes

AGE OF Rio Grande City HOMES
2000 or Newer 21.4
1970 - 1999 50.1
1940 - 1969 24.3
1939 or Older 4.2

Types of Homes

TYPE OF Rio Grande City HOMES
Single-Family 79.0
Townhomes 0.5
Small Apt. Buildings 8.1
Apt. Complexes 7.1
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Rio Grande City HOMES
No Bedroom 4.40
1 Bedroom 5.52
2 Bedrooms 32.15
3 Bedrooms 42.61
4 Bedrooms 13.50
5 or more bedrooms 1.82

Rio Grande City 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
89.41% 3.83% 8 10
* 10 is highest