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 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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Texarkana HOMES|
|2000 or Newer||19.7|
|1970 - 1999||44.3|
|1940 - 1969||30.7|
|1939 or Older||5.2|
|TYPE OF Texarkana HOMES|
|Small Apt. Buildings||10.1|
|SIZE OF Texarkana HOMES|
|5 or more bedrooms||1.95|