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
With 37,295 people, 14,114 houses or apartments, and a median cost of homes of $115,116, 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 65.34% of the city's housing units. Other types of housing that are prevalent in Texarkana include large apartment complexes or high rise apartments ( 18.73%), duplexes, homes converted to apartments or other small apartment buildings ( 11.19%), and a few mobile homes or trailers ( 2.52%).
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 49.95% owning and 50.05% 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 ( 29.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.12%). There's also some housing in Texarkana built before 1939 ( 5.83%).
Vacant housing appears to be an issue in Texarkana. Fully 16.39% 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.
Appreciation rates for homes in Texarkana have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 27.87%, which ranks in the top 50% nationwide. This equates to an annual average Texarkana house appreciation rate of 2.49%.
Appreciation rates are so strong in Texarkana that despite a nationwide downturn in the housing market, Texarkana real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Texarkana appreciation rates continue to be some of the highest in America, at 9.59%, which is higher than appreciation rates in 92.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Texarkana. Texarkana appreciation rates in the latest quarter were at 4.00%, which equates to an annual appreciation rate of 17.00%.
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 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 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.
|$882,001 - $1,176,000||0.5|
|$588,001 - $882,000||1.5|
|$471,001 - $588,000||1.4|
|$353,001 - $471,000||3.1|
|$235,001 - $353,000||11.8|
|$118,001 - $235,000||35.8|
|$59,001 - $118,000||29.7|
|$0 - $59,000||15.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Texarkana HOMES|
|2000 or Newer||20.1|
|1970 - 1999||44.6|
|1940 - 1969||29.5|
|1939 or Older||5.8|
|TYPE OF Texarkana HOMES|
|Small Apt. Buildings||11.2|
|SIZE OF Texarkana HOMES|
|5 or more bedrooms||2.01|