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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 24,496 people, 7,239 houses or apartments, and a median cost of homes of $53,611, house prices in San Benito 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 San Benito, accounting for 66.37% of the city's housing units. Other types of housing that are prevalent in San Benito include mobile homes or trailers ( 13.47%), large apartment complexes or high rise apartments ( 10.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.38%).
People in San Benito primarily live in small (one, two or no bedroom) single-family detached homes. San Benito has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in San Benito 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 San Benito built between 1940-1969 ( 28.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.53%). There's also some housing in San Benito built before 1939 ( 8.71%).
Vacant housing appears to be an issue in San Benito. Fully 16.19% of the housing stock is classified as vacant. Left unchecked, vacant San Benito homes and apartments can be a drag on the real estate market, holding San Benito 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.
Appreciation rates for homes in San Benito have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.46%, which ranks in the top 40% nationwide. This equates to an annual average San Benito house appreciation rate of 0.53%.
Over the last year, San Benito appreciation rates have trailed the rest of the nation. In the last twelve months, San Benito's appreciation rate has been -0.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Benito were at 1.40%, which equates to an annual appreciation rate of 5.73%.
Relative to Texas, our data show that San Benito's latest annual appreciation rate is lower than 90% 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 San Benito differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Benito - 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 San Benito real estate investment or home purchase decisions.
|$772,001 - $1,029,000||0.2|
|$515,001 - $772,000||0.7|
|$412,001 - $515,000||0.3|
|$309,001 - $412,000||0.9|
|$206,001 - $309,000||2.1|
|$103,001 - $206,000||13.8|
|$52,001 - $103,000||33.3|
|$0 - $52,000||46.9|
|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 San Benito HOMES|
|2000 or Newer||17.5|
|1970 - 1999||44.9|
|1940 - 1969||28.8|
|1939 or Older||8.7|
|TYPE OF San Benito HOMES|
|Small Apt. Buildings||8.4|
|SIZE OF San Benito HOMES|
|5 or more bedrooms||2.17|