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 5,891, 2,173 total housing units (homes and apartments), and a median house value of $195,817, house prices in Yoakum are solidly below the national average.
Single-family detached homes are the single most common housing type in Yoakum, accounting for 80.82% of the city's housing units. Other types of housing that are prevalent in Yoakum include large apartment complexes or high rise apartments ( 6.61%), mobile homes or trailers ( 6.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.28%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Yoakum. Owner-occupied housing accounts for 65.86% of Yoakum's homes, and 58.91% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Yoakum 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 Yoakum built between 1940-1969 ( 34.26%). A lesser amount of the housing stock also hails from before 1939 ( 13.37%). There's also some housing in Yoakum built between 2000 and later ( 11.36%).
Vacant housing appears to be an issue in Yoakum. Fully 17.47% of the housing stock is classified as vacant. Left unchecked, vacant Yoakum homes and apartments can be a drag on the real estate market, holding Yoakum 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 Yoakum have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 115.17%, which ranks in the top 30% nationwide. This equates to an annual average Yoakum house appreciation rate of 7.96%.
Over the last year, Yoakum appreciation rates have trailed the rest of the nation. In the last twelve months, Yoakum's appreciation rate has been 4.49%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Yoakum were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Yoakum's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.
$195,817
for Texas
for nation
2,173
$1,416 / per month