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 6,009 people, 2,003 houses or apartments, and a median cost of homes of $267,179, Edna real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Edna, accounting for 76.30% of the city's housing units. Other types of housing that are prevalent in Edna include large apartment complexes or high rise apartments ( 11.06%), mobile homes or trailers ( 7.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.11%).
The most prevalent building size and type in Edna are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.18% owning and 35.82% renting.
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. Edna's housing was primarily built during this period, from the '40s through the '60s. A full 43.99% of the city's housing hails from this era. Other housing ages represented in Edna include homes built between 1970-1999 ( 37.11%) and housing constructed between 2000 and later ( 15.37%). There's also some housing in Edna built before 1939 ( 3.53%).
Vacant housing appears to be an issue in Edna. Fully 23.05% of the housing stock is classified as vacant. Left unchecked, vacant Edna homes and apartments can be a drag on the real estate market, holding Edna 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.
Appreciation rates for homes in Edna have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.54%, which ranks in the top 30% nationwide. This equates to an annual average Edna house appreciation rate of 7.68%.
Over the last year, Edna appreciation rates have trailed the rest of the nation. In the last twelve months, Edna's appreciation rate has been 4.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edna were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Edna's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.
$267,179
for Texas
for nation
2,003
$1,806 / per month