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 64,776, 22,775 total housing units (homes and apartments), and a median house value of $193,327, 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 46.06% of the city's housing units. Other types of housing that are prevalent in San Marcos include single-family detached homes ( 34.96%), duplexes, homes converted to apartments or other small apartment buildings ( 10.73%), and a few row houses and other attached homes ( 4.43%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.
San Marcos is dominated by renter-occupied one, two, or no bedrooms apartments. 75.23% 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 ( 40.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.67%). There's also some housing in San Marcos built before 1939 ( 3.00%).
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 58.98% over the last ten years, which is an average annual home appreciation rate of 4.74%, 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.
Over the last year, San Marcos appreciation rates have trailed the rest of the nation. In the last twelve months, San Marcos's appreciation rate has been 3.29%, 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 Marcos were at 2.29%, which equates to an annual appreciation rate of 9.49%.
Importantly, this makes San Marcos 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 San Marcos's latest annual appreciation rate is lower than 70% 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.
|$942,001 - $1,257,000||0.6|
|$628,001 - $942,000||1.6|
|$502,001 - $628,000||1.4|
|$377,001 - $502,000||8.5|
|$251,001 - $377,000||17.4|
|$126,001 - $251,000||34.5|
|$63,001 - $126,000||17.7|
|$0 - $63,000||18.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF San Marcos HOMES|
|2000 or Newer||41.0|
|1970 - 1999||45.3|
|1940 - 1969||10.7|
|1939 or Older||3.0|
|TYPE OF San Marcos HOMES|
|Small Apt. Buildings||10.7|
|SIZE OF San Marcos HOMES|
|5 or more bedrooms||1.57|