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 11,212, 4,658 total housing units (homes and apartments), and a median house value of $165,616, house prices in Port Lavaca are solidly below the national average.
Single-family detached homes are the single most common housing type in Port Lavaca, accounting for 71.42% of the city's housing units. Other types of housing that are prevalent in Port Lavaca include duplexes, homes converted to apartments or other small apartment buildings ( 9.47%), mobile homes or trailers ( 8.56%), and a few large apartment complexes or high rise apartments ( 7.79%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Port Lavaca. Owner-occupied housing accounts for 70.65% of Port Lavaca's homes, and 66.24% 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 Lavaca's housing was primarily built during this period, from the '40s through the '60s. A full 45.57% of the city's housing hails from this era. Other housing ages represented in Port Lavaca include homes built between 1970-1999 ( 40.49%) and housing constructed between 2000 and later ( 12.92%). There's also some housing in Port Lavaca built before 1939 ( 1.03%).
Appreciation rates for homes in Port Lavaca have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.65%, which ranks in the top 50% nationwide. This equates to an annual average Port Lavaca house appreciation rate of 6.78%.
NeighborhoodScout's data show that during the latest twelve months, Port Lavaca's appreciation rate, at 2.92%, has been at or slightly above the national average. In the latest quarter, Port Lavaca's appreciation rate has been 3.65%, which annualizes to a rate of 15.40%.
Importantly, this makes Port Lavaca 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 Lavaca's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.
$165,616
for Texas
for nation
4,658
$1,507 / per month