Texarkana TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Texarkana, 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Texarkana Housing Market Information

With a population of 37,333, 13,820 total housing units (homes and apartments), and a median house value of $108,149, house prices in Texarkana are solidly below the national average.

Single-family detached homes are the single most common housing type in Texarkana, accounting for 66.30% of the city's housing units. Other types of housing that are prevalent in Texarkana include large apartment complexes or high rise apartments ( 19.03%), duplexes, homes converted to apartments or other small apartment buildings ( 10.13%), and a few row houses and other attached homes ( 2.43%).

The most prevalent building size and type in Texarkana are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.19% owning and 46.81% renting.

There is a lot of housing in Texarkana 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 Texarkana built between 1940-1969 ( 30.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.75%). There's also some housing in Texarkana built before 1939 ( 5.18%).

Vacant housing appears to be an issue in Texarkana. Fully 18.44% of the housing stock is classified as vacant. Left unchecked, vacant Texarkana homes and apartments can be a drag on the real estate market, holding Texarkana 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.

Texarkana Home Appreciation Rates

Real estate appreciation rates in Texarkana's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.44% during the period.

Over the last year, Texarkana appreciation rates have trailed the rest of the nation. In the last twelve months, Texarkana's appreciation rate has been 1.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Texarkana were at 2.90%, which equates to an annual appreciation rate of 12.12%.

Importantly, NeighborhoodScout’s exclusive research found that Texarkana's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Texas, our data show that Texarkana's latest annual appreciation rate is lower than 80% 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 Texarkana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Texarkana - 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 Texarkana real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$108,149

Texarkana, TX HOME PRICES

Value Range
> $1,112,000 0.7
$834,001 - $1,112,000 0.7
$555,001 - $834,000 1.5
$445,001 - $555,000 1.1
$334,001 - $445,000 2.8
$222,001 - $334,000 9.6
$111,001 - $222,000 36.3
$55,001 - $111,000 31.3
$0 - $55,000 16.1

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
78.6452554744526 68.9621726479146

Number Of Homes And Apartments:
13,820

Texarkana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
50.62% 2.12%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$979 / per month

Homeownership Rate

Homeownership
Owners 53.19
Renters 46.81
Vacant 18.44

Housing Market Details

 

Age of Homes

AGE OF Texarkana HOMES
2000 or Newer 19.7
1970 - 1999 44.3
1940 - 1969 30.7
1939 or Older 5.2

Types of Homes

TYPE OF Texarkana HOMES
Single-Family 66.3
Townhomes 2.4
Small Apt. Buildings 10.1
Apt. Complexes 19.0
Mobile Homes 2.0
Other 0.1

Home Size

SIZE OF Texarkana HOMES
No Bedroom 3.69
1 Bedroom 10.48
2 Bedrooms 27.57
3 Bedrooms 43.13
4 Bedrooms 13.18
5 or more bedrooms 1.95