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 13,591 people, 5,188 houses or apartments, and a median cost of homes of $284,303, Port Neches 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 Port Neches, accounting for 84.22% of the city's housing units. Other types of housing that are prevalent in Port Neches include large apartment complexes or high rise apartments ( 10.01%), duplexes, homes converted to apartments or other small apartment buildings ( 2.52%), and a few mobile homes or trailers ( 1.76%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Neches. Owner-occupied housing accounts for 72.15% of Port Neches's homes, and 67.19% have either three or four bedrooms, which is average sized relative to America.
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. Port Neches's housing was primarily built during this period, from the '40s through the '60s. A full 44.47% of the city's housing hails from this era. Other housing ages represented in Port Neches include homes built between 1970-1999 ( 41.78%) and housing constructed between 2000 and later ( 12.59%). There's also some housing in Port Neches built before 1939 ( 1.16%).
Vacant housing appears to be an issue in Port Neches. Fully 13.01% of the housing stock is classified as vacant. Left unchecked, vacant Port Neches homes and apartments can be a drag on the real estate market, holding Port Neches 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.
Port Neches's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Neches during the period has been just 5.63%, which is lower than 70% of US communities.
Appreciation rates are so strong in Port Neches that despite a nationwide downturn in the housing market, Port Neches real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Neches appreciation rates continue to be some of the highest in America, at 8.38%, which is higher than appreciation rates in 94.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Neches. Port Neches appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.69%.
Importantly, this makes Port Neches 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 Port Neches's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$284,303
for Texas
for nation
5,188
$1,347 / per month