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 67,574, 23,843 total housing units (homes and apartments), and a median house value of $133,963, house prices in Victoria are solidly below the national average.
Single-family detached homes are the single most common housing type in Victoria, accounting for 67.97% of the city's housing units. Other types of housing that are prevalent in Victoria include large apartment complexes or high rise apartments ( 15.52%), duplexes, homes converted to apartments or other small apartment buildings ( 9.41%), and a few mobile homes or trailers ( 5.00%).
The most prevalent building size and type in Victoria are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.99% owning and 42.01% renting.
There is a lot of housing in Victoria 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 Victoria built between 1940-1969 ( 35.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.47%). There's also some housing in Victoria built before 1939 ( 4.47%).
In the last 10 years, Victoria has experienced some of the highest home appreciation rates of any community in the nation. Victoria real estate appreciated 32.61% over the last ten years, which is an average annual home appreciation rate of 2.86%, putting Victoria in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Victoria 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, Victoria appreciation rates have trailed the rest of the nation. In the last twelve months, Victoria's appreciation rate has been -1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Victoria were at 2.45%, which equates to an annual appreciation rate of 10.17%.
Importantly, this makes Victoria 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 Victoria's latest annual appreciation rate is lower 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 Victoria differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Victoria - 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 Victoria real estate investment or home purchase decisions.
|$811,001 - $1,082,000||0.1|
|$541,001 - $811,000||0.8|
|$433,001 - $541,000||1.4|
|$325,001 - $433,000||2.9|
|$216,001 - $325,000||6.9|
|$108,001 - $216,000||40.2|
|$54,001 - $108,000||33.3|
|$0 - $54,000||13.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Victoria HOMES|
|2000 or Newer||10.5|
|1970 - 1999||49.9|
|1940 - 1969||35.2|
|1939 or Older||4.5|
|TYPE OF Victoria HOMES|
|Small Apt. Buildings||9.4|
|SIZE OF Victoria HOMES|
|5 or more bedrooms||1.38|