San Marcos, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating San Marcos Neighborhoods Since 2000




San Marcos, TX Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

San Marcos Housing Market Information

With a population of 60,681, 20,155 total housing units (homes and apartments), and a median house value of $150,757, San Marcos real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in San Marcos, accounting for 45.15% of the city's housing units. Other types of housing that are prevalent in San Marcos include single-family detached homes ( 31.40%), duplexes, homes converted to apartments or other small apartment buildings ( 14.95%), and a few mobile homes or trailers ( 4.81%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

San Marcos is dominated by renter-occupied one, two, or no bedrooms apartments. 75.50% of San Marcos's dwellings are rentals.

There is a lot of housing in San Marcos 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 Marcos built between 2000 and later ( 34.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.31%). There's also some housing in San Marcos built before 1939 ( 3.94%).

Vacant housing appears to be an issue in San Marcos. Fully 10.31% of the housing stock is classified as vacant. Left unchecked, vacant San Marcos homes and apartments can be a drag on the real estate market, holding San Marcos 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.

San Marcos Home Appreciation Rates

In the last 10 years, San Marcos has experienced some of the highest home appreciation rates of any community in the nation. San Marcos real estate appreciated 32.83% over the last ten years, which is an average annual home appreciation rate of 2.88%, putting San Marcos in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, San Marcos 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, San Marcos's appreciation rate, at 5.45%, has been at or slightly above the national average. In the latest quarter, San Marcos's appreciation rate has been 1.68%, which annualizes to a rate of 6.88%.

Relative to Texas, our data show that San Marcos'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 San Marcos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Marcos - 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 Marcos real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$150,757

San Marcos, TX HOME PRICES

Value Range
> $1,235,000 0.3
$926,001 - $1,235,000 0.1
$617,001 - $926,000 1.1
$494,001 - $617,000 0.1
$371,001 - $494,000 6.1
$247,001 - $371,000 11.8
$123,001 - $247,000 45.8
$61,001 - $123,000 19.3
$0 - $61,000 15.5

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
49.5898277276456 33.3657587548638

Number Of Homes And Apartments:
20,155

San Marcos Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
69.93% 3.12% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,307 / per month

Homeownership Rate

Homeownership
Owners 24.50
Renters 75.50
Vacant 10.31

Housing Market Details

 

Age of Homes

AGE OF San Marcos HOMES
2000 or Newer 34.7
1970 - 1999 48.0
1940 - 1969 13.3
1939 or Older 3.9

Types of Homes

TYPE OF San Marcos HOMES
Single-Family 31.4
Townhomes 3.7
Small Apt. Buildings 15.0
Apt. Complexes 45.2
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF San Marcos HOMES
No Bedroom 3.50
1 Bedroom 20.99
2 Bedrooms 34.56
3 Bedrooms 31.20
4 Bedrooms 9.19
5 or more bedrooms 0.57