Texas City, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Texas City Neighborhoods Since 2000




Texas City, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Texas City Housing Market Information

With 47,618 people, 16,610 houses or apartments, and a median cost of homes of $118,542, house prices in Texas City are solidly below the national average.

Single-family detached homes are the single most common housing type in Texas City, accounting for 68.84% of the city's housing units. Other types of housing that are prevalent in Texas City include large apartment complexes or high rise apartments ( 23.22%), duplexes, homes converted to apartments or other small apartment buildings ( 5.52%), and a few mobile homes or trailers ( 1.41%).

The most prevalent building size and type in Texas City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.55% owning and 42.45% renting.

There is a lot of housing in Texas City 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 Texas City built between 1940-1969 ( 36.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.40%). There's also some housing in Texas City built before 1939 ( 3.37%).

Vacant housing appears to be an issue in Texas City. Fully 14.51% of the housing stock is classified as vacant. Left unchecked, vacant Texas City homes and apartments can be a drag on the real estate market, holding Texas City 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.

Texas City Home Appreciation Rates

In the last 10 years, Texas City has experienced some of the highest home appreciation rates of any community in the nation. Texas City real estate appreciated 24.57% over the last ten years, which is an average annual home appreciation rate of 2.22%, putting Texas City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Texas City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Texas City that despite a nationwide downturn in the housing market, Texas City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Texas City appreciation rates continue to be some of the highest in America, at 7.81%, which is higher than appreciation rates in 85.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Texas City. Texas City appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

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

Average Home Values

 

Median Home Value:
$118,542

Texas City, TX HOME PRICES

Value Range
> $1,182,000 0.0
$887,001 - $1,182,000 0.1
$591,001 - $887,000 0.2
$473,001 - $591,000 0.7
$355,001 - $473,000 1.5
$236,001 - $355,000 5.0
$118,001 - $236,000 36.9
$59,001 - $118,000 40.9
$0 - $59,000 14.8

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
66.3600140630493 50.3891050583658

Number Of Homes And Apartments:
16,610

Texas City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
66.32% 2.99% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,066 / per month

Homeownership Rate

Homeownership
Owners 57.55
Renters 42.45
Vacant 14.51

Housing Market Details

 

Age of Homes

AGE OF Texas City HOMES
2000 or Newer 17.4
1970 - 1999 43.0
1940 - 1969 36.2
1939 or Older 3.4

Types of Homes

TYPE OF Texas City HOMES
Single-Family 68.8
Townhomes 1.0
Small Apt. Buildings 5.5
Apt. Complexes 23.2
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Texas City HOMES
No Bedroom 0.95
1 Bedroom 14.70
2 Bedrooms 26.57
3 Bedrooms 43.39
4 Bedrooms 12.28
5 or more bedrooms 2.11