San Marcos, TX Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

San Marcos, TX Housing Market Trends

With 64,776 people, 23,154 houses or apartments, and a median cost of homes of $164,260, house prices in San Marcos are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in San Marcos, accounting for 43.59% of the city's housing units. Other types of housing that are prevalent in San Marcos include single-family detached homes ( 37.15%), duplexes, homes converted to apartments or other small apartment buildings ( 10.82%), and a few mobile homes or trailers ( 4.76%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

San Marcos is dominated by renter-occupied one, two, or no bedrooms apartments. 73.33% of San Marcos's dwellings are rentals.

San Marcos homes and real estate are some of the newest in America. 42.89% of San Marcos'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 Marcos real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.82%), and between 1940-1969 ( 11.07%). There's also some housing in San Marcos built before 1939 ( 3.22%).

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 59.92% over the last ten years, which is an average annual home appreciation rate of 4.81%, putting San Marcos in the top 20% 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 6.25%, has been at or slightly above the national average. In the latest quarter, San Marcos's appreciation rate has been 2.29%, which annualizes to a rate of 9.46%.

Relative to Texas, our data show that San Marcos's latest annual appreciation rate is higher 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 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:
$164,260

San Marcos, TX HOME PRICES

> $1,199,000
0.2%
0.2%
$899,001 - $1,199,000
0.8%
0.8%
$600,001 - $899,000
1.7%
1.7%
$479,001 - $600,000
2.1%
2.1%
$360,001 - $479,000
6.7%
6.7%
$240,001 - $360,000
17.7%
17.7%
$120,001 - $240,000
36.1%
36.1%
$60,001 - $120,000
15.4%
15.4%
$0 - $60,000
19.2%
19.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Average for TX

Value Relative To Nation

Number Of Homes And Apartments:
23,154

San Marcos Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
100.85% 3.38%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,409 / per month

Homeownership Rate

Owners
26.7%
26.7%
Renters
73.3%
73.3%
Vacant
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
42.9%
42.9%
1970 - 1999
42.8%
42.8%
1940 - 1969
11.1%
11.1%
1939 or Older
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
37.2%
37.2%
Townhomes
3.7%
3.7%
Small Apt. Buildings
10.8%
10.8%
Apt. Complexes
43.6%
43.6%
Mobile Homes
4.8%
4.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.5%
3.5%
1 Bedroom
16.0%
16.0%
2 Bedrooms
31.0%
31.0%
3 Bedrooms
35.1%
35.1%
4 Bedrooms
12.7%
12.7%
5 or more bedrooms
1.8%
1.8%
0.0% 100.0%
% OF HOMES