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 5,118 people, 1,880 houses or apartments, and a median cost of homes of $240,454, house prices in Port Isabel are solidly below the national average.
Single-family detached homes are the single most common housing type in Port Isabel, accounting for 43.07% of the city's housing units. Other types of housing that are prevalent in Port Isabel include mobile homes or trailers ( 24.15%), large apartment complexes or high rise apartments ( 16.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 14.80%).
Dwellings in Port Isabel tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 58.62% of the homes in Port Isabel have two or fewer bedrooms.
There is a lot of housing in Port Isabel 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 Port Isabel built between 2000 and later ( 16.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.98%).
Vacant housing appears to be an issue in Port Isabel. Fully 26.19% of the housing stock is classified as vacant. Left unchecked, vacant Port Isabel homes and apartments can be a drag on the real estate market, holding Port Isabel 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 Port Isabel have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.09%, which ranks in the top 40% nationwide. This equates to an annual average Port Isabel house appreciation rate of 7.24%.
NeighborhoodScout's data show that during the latest twelve months, Port Isabel's appreciation rate, at 3.05%, has been at or slightly above the national average. In the latest quarter, Port Isabel's appreciation rate has been 2.47%, which annualizes to a rate of 10.27%.
Importantly, this makes Port Isabel 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 Isabel's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.
$240,454
for Texas
for nation
1,880
$1,224 / per month