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 15,311 people, 4,425 houses or apartments, and a median cost of homes of $137,405, house prices in Rio Grande City 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 Rio Grande City, accounting for 70.87% of the city's housing units. Other types of housing that are prevalent in Rio Grande City include mobile homes or trailers ( 10.45%), large apartment complexes or high rise apartments ( 8.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rio Grande City. Owner-occupied housing accounts for 67.22% of Rio Grande City's homes, and 59.28% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rio Grande City 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 Rio Grande City built between 2000 and later ( 35.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.72%). There's also some housing in Rio Grande City built before 1939 ( 2.85%).
Vacant housing appears to be an issue in Rio Grande City. Fully 14.69% of the housing stock is classified as vacant. Left unchecked, vacant Rio Grande City homes and apartments can be a drag on the real estate market, holding Rio Grande City 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 Rio Grande City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.92%, which ranks in the top 50% nationwide. This equates to an annual average Rio Grande City house appreciation rate of 6.79%.
Over the last year, Rio Grande City appreciation rates have trailed the rest of the nation. In the last twelve months, Rio Grande City's appreciation rate has been 4.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rio Grande City were at 0.10%, which equates to an annual appreciation rate of 0.40%.
Notably, Rio Grande City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Rio Grande City's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rio Grande City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rio Grande City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rio Grande City real estate investment or home purchase decisions.
$137,405
for Texas
for nation
4,425
$980 / per month