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 70,301 people, 26,980 houses or apartments, and a median cost of homes of $307,355, San Marcos real estate and house prices are near the national average for all cities and towns.
Large apartment complexes or high rise apartments are the single most common housing type in San Marcos, accounting for 46.74% of the city's housing units. Other types of housing that are prevalent in San Marcos include single-family detached homes ( 34.16%), duplexes, homes converted to apartments or other small apartment buildings ( 12.31%), and a few mobile homes or trailers ( 4.32%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
San Marcos is dominated by renter-occupied one, two, or no bedrooms apartments. 73.82% of San Marcos's dwellings are rentals.
San Marcos homes and real estate are some of the newest in America. 46.01% of San Marcos's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the San Marcos real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.02%), and between 1940-1969 ( 11.41%). There's also some housing in San Marcos built before 1939 ( 2.57%).
Appreciation rates for homes in San Marcos have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.16%, which ranks in the top 30% nationwide. This equates to an annual average San Marcos house appreciation rate of 7.66%.
Over the last year, San Marcos appreciation rates have trailed the rest of the nation. In the last twelve months, San Marcos's appreciation rate has been 4.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in San Marcos were at 1.70%, which equates to an annual appreciation rate of 6.98%.
Relative to Texas, our data show that San Marcos'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 San Marcos differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in San Marcos - 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 San Marcos real estate investment or home purchase decisions.
$307,355
for Texas
for nation
26,980
$1,684 / per month