Victoria, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Victoria Neighborhoods Since 2000




Victoria, 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

Victoria Housing Market Information

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%).

Victoria Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$133,963

Victoria, TX HOME PRICES

Value Range
> $1,082,000 0.5
$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

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
57.6350638696824 40.8560311284047

Number Of Homes And Apartments:
23,843

Victoria 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
71.57% 3.18% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,061 / per month

Homeownership Rate

Homeownership
Owners 57.99
Renters 42.01
Vacant 9.15

Housing Market Details

 

Age of Homes

AGE OF Victoria HOMES
2000 or Newer 10.5
1970 - 1999 49.9
1940 - 1969 35.2
1939 or Older 4.5

Types of Homes

TYPE OF Victoria HOMES
Single-Family 68.0
Townhomes 1.9
Small Apt. Buildings 9.4
Apt. Complexes 15.5
Mobile Homes 5.0
Other 0.2

Home Size

SIZE OF Victoria HOMES
No Bedroom 1.90
1 Bedroom 12.62
2 Bedrooms 25.73
3 Bedrooms 46.31
4 Bedrooms 12.06
5 or more bedrooms 1.38