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 about Scout's Real Estate Data
With a population of 10,138, 2,895 total housing units (homes and apartments), and a median house value of $128,717, house prices in San Elizario 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 Elizario, accounting for 49.22% of the city's housing units. Other types of housing that are prevalent in San Elizario include mobile homes or trailers ( 23.82%), duplexes, homes converted to apartments or other small apartment buildings ( 16.80%), and a few large apartment complexes or high rise apartments ( 7.68%).
The most prevalent building size and type in San Elizario are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.64% owning and 35.36% renting.
San Elizario homes and real estate are some of the newest in America. 50.81% of San Elizario's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the San Elizario real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.96%), and between 1940-1969 ( 4.23%).
Vacant housing appears to be an issue in San Elizario. Fully 13.17% of the housing stock is classified as vacant. Left unchecked, vacant San Elizario homes and apartments can be a drag on the real estate market, holding San Elizario 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 Elizario have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.52%, which ranks in the top 40% nationwide. This equates to an annual average San Elizario house appreciation rate of 6.60%.
Appreciation rates are so strong in San Elizario that despite a nationwide downturn in the housing market, San Elizario real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, San Elizario appreciation rates continue to be some of the highest in America, at 7.91%, which is higher than appreciation rates in 86.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in San Elizario. San Elizario appreciation rates in the latest quarter were at -0.41%, which equates to an annual appreciation rate of -1.65%.
Relative to Texas, our data show that San Elizario's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$128,717
for Texas
for nation
2,895
$1,588 / per month