Yoakum, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Yoakum, 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

Yoakum Housing Market Information

With 6,016 people, 2,064 houses or apartments, and a median cost of homes of $112,065, house prices in Yoakum are solidly below the national average.

Single-family detached homes are the single most common housing type in Yoakum, accounting for 79.82% of the city's housing units. Other types of housing that are prevalent in Yoakum include mobile homes or trailers ( 11.19%), duplexes, homes converted to apartments or other small apartment buildings ( 5.01%), and a few large apartment complexes or high rise apartments ( 3.55%).

People in Yoakum primarily live in small (one, two or no bedroom) single-family detached homes. Yoakum has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Yoakum's housing was primarily built during this period, from the '40s through the '60s. A full 43.48% of the city's housing hails from this era. Other housing ages represented in Yoakum include homes built between 1970-1999 ( 33.70%) and housing constructed before 1939 ( 20.73%). There's also some housing in Yoakum built between 2000 and later ( 2.09%).

Vacant housing appears to be an issue in Yoakum. Fully 18.64% of the housing stock is classified as vacant. Left unchecked, vacant Yoakum homes and apartments can be a drag on the real estate market, holding Yoakum 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.

Yoakum Home Appreciation Rates

In the last 10 years, Yoakum has experienced some of the highest home appreciation rates of any community in the nation. Yoakum real estate appreciated 34.66% over the last ten years, which is an average annual home appreciation rate of 3.02%, putting Yoakum in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Yoakum 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 Yoakum that despite a nationwide downturn in the housing market, Yoakum real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yoakum appreciation rates continue to be some of the highest in America, at 5.73%, which is higher than appreciation rates in 71.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yoakum. Yoakum appreciation rates in the latest quarter were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Yoakum's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$112,065

Yoakum, TX HOME PRICES

Value Range
> $1,147,000 1.3
$861,001 - $1,147,000 0.5
$574,001 - $861,000 2.1
$459,001 - $574,000 1.5
$345,001 - $459,000 5.4
$230,001 - $345,000 8.7
$115,001 - $230,000 23.6
$57,001 - $115,000 28.9
$0 - $57,000 28.0

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
70.0867221375835 53.8910505836576

Number Of Homes And Apartments:
2,064

Yoakum 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
73.90% 3.26% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$830 / per month

Homeownership Rate

Homeownership
Owners 61.88
Renters 38.12
Vacant 18.64

Housing Market Details

 

Age of Homes

AGE OF Yoakum HOMES
2000 or Newer 2.1
1970 - 1999 33.7
1940 - 1969 43.5
1939 or Older 20.7

Types of Homes

TYPE OF Yoakum HOMES
Single-Family 79.8
Townhomes 0.4
Small Apt. Buildings 5.0
Apt. Complexes 3.5
Mobile Homes 11.2
Other 0.0

Home Size

SIZE OF Yoakum HOMES
No Bedroom 2.05
1 Bedroom 10.09
2 Bedrooms 44.26
3 Bedrooms 40.13
4 Bedrooms 3.19
5 or more bedrooms 0.28

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Zip Codes in Yoakum, TX