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 about Scout's Real Estate Data
With a population of 4,720, 1,634 total housing units (homes and apartments), and a median house value of $81,408, house prices in Carrizo Springs 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 Carrizo Springs, accounting for 71.63% of the city's housing units. Other types of housing that are prevalent in Carrizo Springs include mobile homes or trailers ( 16.21%), duplexes, homes converted to apartments or other small apartment buildings ( 7.49%), and a few row houses and other attached homes ( 4.01%).
The most prevalent building size and type in Carrizo Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.93% owning and 41.07% renting.
There is a lot of housing in Carrizo Springs 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 Carrizo Springs built between 1940-1969 ( 34.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.36%). There's also some housing in Carrizo Springs built before 1939 ( 4.86%).
Vacant housing appears to be an issue in Carrizo Springs. Fully 22.08% of the housing stock is classified as vacant. Left unchecked, vacant Carrizo Springs homes and apartments can be a drag on the real estate market, holding Carrizo Springs 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.
Carrizo Springs's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carrizo Springs during the period has been just 5.48%, which is lower than 70% of US communities.
Over the last year, Carrizo Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Carrizo Springs's appreciation rate has been 4.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carrizo Springs were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Carrizo Springs's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.
$81,408
for Texas
for nation
1,634
$881 / per month