Zapata, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Zapata Neighborhoods Since 2000




Zapata, 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

Zapata Housing Market Information

With 5,198 people, 1,609 houses or apartments, and a median cost of homes of $68,103, house prices in Zapata are some of the most affordable in Texas as well as the nation.

Single-family detached homes are the single most common housing type in Zapata, accounting for 66.30% of the town's housing units. Other types of housing that are prevalent in Zapata include mobile homes or trailers ( 23.00%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zapata. Owner-occupied housing accounts for 74.41% of Zapata's homes, and 66.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Zapata 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 Zapata built between 2000 and later ( 27.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.54%).

Vacant housing appears to be an issue in Zapata. Fully 19.91% of the housing stock is classified as vacant. Left unchecked, vacant Zapata homes and apartments can be a drag on the real estate market, holding Zapata 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.

Zapata Home Appreciation Rates

In the last 10 years, Zapata has experienced some of the highest home appreciation rates of any community in the nation. Zapata real estate appreciated 19.81% over the last ten years, which is an average annual home appreciation rate of 1.82%, putting Zapata in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Zapata 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 Zapata that despite a nationwide downturn in the housing market, Zapata real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zapata appreciation rates continue to be some of the highest in America, at 5.98%, which is higher than appreciation rates in 73.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zapata. Zapata 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 Zapata's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$68,103

Zapata, TX HOME PRICES

Value Range
> $1,102,000 0.0
$827,001 - $1,102,000 0.1
$551,001 - $827,000 0.0
$441,001 - $551,000 0.0
$331,001 - $441,000 4.0
$220,001 - $331,000 3.2
$110,001 - $220,000 14.4
$55,001 - $110,000 31.3
$0 - $55,000 47.0

Very Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
95.9685925231454 91.5369649805447

Number Of Homes And Apartments:
1,609

Zapata 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
42.57% 2.08% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$507 / per month

Homeownership Rate

Homeownership
Owners 74.41
Renters 25.59
Vacant 19.91

Housing Market Details

 

Age of Homes

AGE OF Zapata HOMES
2000 or Newer 27.8
1970 - 1999 48.7
1940 - 1969 23.5
1939 or Older 0.0

Types of Homes

TYPE OF Zapata HOMES
Single-Family 66.3
Townhomes 0.0
Small Apt. Buildings 9.9
Apt. Complexes 0.8
Mobile Homes 23.0
Other 0.0

Home Size

SIZE OF Zapata HOMES
No Bedroom 0.65
1 Bedroom 9.01
2 Bedrooms 22.25
3 Bedrooms 55.60
4 Bedrooms 11.35
5 or more bedrooms 1.14

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Zip Codes in Zapata, TX