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 20,305 people, 5,993 houses or apartments, and a median cost of homes of $159,374, house prices in Alamo are solidly below the national average.
Single-family detached homes are the single most common housing type in Alamo, accounting for 51.86% of the city's housing units. Other types of housing that are prevalent in Alamo include mobile homes or trailers ( 36.05%), duplexes, homes converted to apartments or other small apartment buildings ( 4.96%), and a few large apartment complexes or high rise apartments ( 4.79%).
Dwellings in Alamo tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.93% of the homes in Alamo have two or fewer bedrooms.
There is a lot of housing in Alamo 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 Alamo built between 2000 and later ( 38.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.60%). There's also some housing in Alamo built before 1939 ( 1.11%).
Vacant housing appears to be an issue in Alamo. Fully 20.06% of the housing stock is classified as vacant. Left unchecked, vacant Alamo homes and apartments can be a drag on the real estate market, holding Alamo 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 Alamo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.39%, which ranks in the top 40% nationwide. This equates to an annual average Alamo house appreciation rate of 7.14%.
Over the last year, Alamo appreciation rates have trailed the rest of the nation. In the last twelve months, Alamo's appreciation rate has been 1.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alamo were at 7.95%, which equates to an annual appreciation rate of 35.82%.
Importantly, this makes Alamo 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 Alamo's latest annual appreciation rate is lower than 80% 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 Alamo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Alamo - 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 Alamo real estate investment or home purchase decisions.
$159,374
for Texas
for nation
5,993
$971 / per month