Robstown, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Robstown, TX Real Estate Data


Robstown Housing Market Information

With 11,576 people, 3,542 houses or apartments, and a median cost of homes of $71,407, house prices in Robstown 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 Robstown, accounting for 85.98% of the city's housing units. Other types of housing that are prevalent in Robstown include duplexes, homes converted to apartments or other small apartment buildings ( 8.33%), mobile homes or trailers ( 3.09%), and a few large apartment complexes or high rise apartments ( 1.39%).

The most prevalent building size and type in Robstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.68% owning and 44.32% renting.

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. Robstown's housing was primarily built during this period, from the '40s through the '60s. A full 50.41% of the city's housing hails from this era. Other housing ages represented in Robstown include homes built between 1970-1999 ( 28.49%) and housing constructed between 2000 and later ( 11.54%). There's also some housing in Robstown built before 1939 ( 9.56%).

Vacant housing appears to be an issue in Robstown. Fully 16.40% of the housing stock is classified as vacant. Left unchecked, vacant Robstown homes and apartments can be a drag on the real estate market, holding Robstown 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.

Robstown Home Appreciation Rates

In the last 10 years, Robstown has experienced some of the highest home appreciation rates of any community in the nation. Robstown real estate appreciated 28.01% over the last ten years, which is an average annual home appreciation rate of 2.50%, putting Robstown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Robstown 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, Robstown's appreciation rate, at 3.56%, has been at or slightly above the national average. In the latest quarter, Robstown's appreciation rate has been 2.68%, which annualizes to a rate of 11.16%.

Importantly, this makes Robstown 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 Robstown's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$71,407

Robstown, TX HOME PRICES

Value Range
> $1,144,000 0.0
$858,001 - $1,144,000 0.0
$572,001 - $858,000 0.0
$458,001 - $572,000 0.0
$343,001 - $458,000 0.1
$229,001 - $343,000 1.7
$114,001 - $229,000 15.9
$57,001 - $114,000 32.1
$0 - $57,000 50.2

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
94.615024024376 89.1050583657588

Number Of Homes And Apartments:
3,542

Rent & Ownership

 

Average Market Rent:
$976 / per month

Homeownership Rate

Homeownership
Owners 55.68
Renters 44.32
Vacant 16.40

Housing Market Details

 

Age of Homes

AGE OF Robstown HOMES
2000 or Newer 11.5
1970 - 1999 28.5
1940 - 1969 50.4
1939 or Older 9.6

Types of Homes

TYPE OF Robstown HOMES
Single-Family 86.0
Townhomes 1.2
Small Apt. Buildings 8.3
Apt. Complexes 1.4
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Robstown HOMES
No Bedroom 1.77
1 Bedroom 8.35
2 Bedrooms 26.58
3 Bedrooms 45.86
4 Bedrooms 16.26
5 or more bedrooms 1.18

Robstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
65.48% 2.96% 5 8
* 10 is highest

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