Laredo Metro Area Housing

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As of 2010-2014, median price of a house in Laredo Area is $107,400, which is lower than the state average of $131,400 and is much lower than the national average of $175,700. The median year that a house in Laredo Area was built is 1991, which is newer than the median year for a house built in the state which is 1984 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 42,848 Owner Occupied Houses in Laredo Area, #572

Laredo Area	107,400 USD
Texas	131,400 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Laredo Area	8.48%
Texas	59.27%
U.S.	46.91%

*The Laredo Area median house price growth rate is since 2005-2009. The Texas and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Laredo Area	Texas	U.S.
Total Housing Units	75,508, see rank, 100%	10,187,189	132,741,033
Occupied Housing Units	68,502, 90.72%, see rank	88.48%	87.55%
Owner Occupied	42,848, 56.75%, see rank	55.49%	56.34%
Renter Occupied	25,654, 33.98%, see rank	32.99%	31.21%
Vacant Housing Units	7,006, 9.28%, see rank	11.52%	12.45%
For Rent	1,350, 1.79%, see rank	3.13%	2.34%
For Sale Only	466, 0.62%, see rank	1.05%	1.20%
Rented or Sold, Not Occupied	1,250, 1.66%, see rank	0.97%	0.92%
For Seasonal, Recreational, or Occasional Use	1,414, 1.87%, see rank	2.37%	3.97%
For Migrant Workers	29, 0.04%, see rank	0.02%	0.03%
Other Vacant	2,497, 3.31%, see rank	3.97%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #24

Laredo Area	Texas	U.S.
1991	1984	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Laredo Area	%	Texas	U.S.
Owner-Occupied Units	42,848	100%	5,652,542	74,787,460
With a Mortgage	24,986	58.31%, see rank	60.56%	65.58%
Without a Mortgage	17,862	41.69%, see rank	39.44%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Laredo Area	1,317 USD
Texas	1,443 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Laredo Area	%	Texas	U.S.
$299 or Less	8	0.03%, see rank	0.15%	0.20%
$300 to $499	220	0.88%, see rank	1.18%	1.59%
$500 to $699	1,062	4.25%, see rank	4.49%	5.01%
$700 to $999	5,047	20.20%, see rank	14.70%	14.32%
$1,000 to $1,499	9,320	37.30%, see rank	33.20%	27.90%
$1,500 to $1,999	5,814	23.27%, see rank	22.54%	20.35%
$2,000 to $2,999	2,619	10.48%, see rank	16.45%	19.52%
$3,000 or More	896	3.59%, see rank	7.30%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Laredo Area	26.10% of the Total Income
Texas	22.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Laredo Area	%	Texas	U.S.
10% or Less	708	2.83%, see rank	6.26%	5.86%
10% to 20%	6,583	26.35%, see rank	36.09%	31.95%
20% to 30%	7,145	28.60%, see rank	27.65%	27.64%
30% to 40%	3,501	14.01%, see rank	12.28%	13.74%
40% or More	6,728	26.93%, see rank	17.16%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Laredo Area	434 USD
Texas	459 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Laredo Area	%	Texas	U.S.
$199 or Less	1,392	7.79%, see rank	7.97%	7.76%
$200 to $299	2,907	16.27%, see rank	14.81%	14.70%
$300 to $499	6,674	37.36%, see rank	33.97%	34.63%
$500 to $699	3,905	21.86%, see rank	22.08%	21.16%
$700 or More	2,984	16.71%, see rank	21.17%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Laredo Area	14.20% of the Total Income
Texas	11.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Laredo Area	%	Texas	U.S.
10% or Less	5,328	29.83%, see rank	41.43%	40.19%
10% to 20%	6,850	38.35%, see rank	32.37%	31.47%
20% to 30%	2,368	13.26%, see rank	11.78%	12.24%
30% to 40%	1,165	6.52%, see rank	5.09%	5.64%
40% or More	1,758	9.84%, see rank	8.03%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Laredo Area	Texas	U.S.
Total Housing Units	75,508, 100%	10,187,189	132,741,033
1-unit, Detached	50,760, 67.22%, see rank	65.34%	61.65%
1-unit, Attached	1,866, 2.47%, see rank	2.68%	5.82%
2 Units	1,878, 2.49%, see rank	1.94%	3.75%
3 or 4 Units	3,718, 4.92%, see rank	3.20%	4.43%
5 to 9 Units	2,877, 3.81%, see rank	4.85%	4.78%
10 or More Units	7,035, 9.32%, see rank	14.35%	13.08%
Mobile Home, Boat, RV, Van, etc.	7,374, 9.77%, see rank	7.63%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Laredo Area	Texas	U.S.
Total Housing Units	75,508, 100%	10,187,189	132,741,033
1 Room	1,663, 2.20%, see rank	1.69%	1.95%
2 Rooms	2,080, 2.75%, see rank	2.86%	2.48%
3 Rooms	8,155, 10.80%, see rank	10.61%	9.13%
4 Rooms	16,821, 22.28%, see rank	16.68%	16.60%
5 Rooms	20,093, 26.61%, see rank	21.74%	20.41%
6 Rooms	13,182, 17.46%, see rank	18.39%	18.06%
7 Rooms	6,883, 9.12%, see rank	11.53%	12.27%
8 Rooms	3,482, 4.61%, see rank	7.50%	8.48%
9 Rooms or More	3,149, 4.17%, see rank	8.98%	10.60%
Median Rooms	4.90, see rank	5.30	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Laredo Area	Texas	U.S.
Total Housing Units	75,508, 100%	10,187,189	132,741,033
No Bedroom	1,819, 2.41%, see rank	1.85%	2.17%
1 Bedroom	6,238, 8.26%, see rank	12.69%	11.16%
2 Bedrooms	20,038, 26.54%, see rank	23.33%	26.69%
3 Bedrooms	34,398, 45.56%, see rank	41.71%	39.70%
4 Bedrooms	10,492, 13.90%, see rank	17.12%	16.05%
5 or More Bedrooms	2,523, 3.34%, see rank	3.30%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Laredo Area	Texas	U.S.
Total Housing Units	68,502, 100%	9,013,582	116,211,092
Utility Gas	10,950, 15.98%, see rank	37.22%	48.85%
Bottled, Tank, or LP Gas	587, 0.86%, see rank	3.42%	4.86%
Electricity	55,332, 80.77%, see rank	58.19%	36.68%
Fuel Oil, Kerosene, etc.	26, 0.04%, see rank	0.12%	5.86%
Coal or Coke	0, 0.00%, see rank	0.01%	0.12%
Wood	38, 0.06%, see rank	0.43%	2.12%
Solar Energy	7, 0.01%, see rank	0.01%	0.05%
Other Fuel	54, 0.08%, see rank	0.16%	0.47%
No Fuel Used	1,508, 2.20%, see rank	0.44%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Laredo Area	Texas	U.S.
Occupied Units Paying Rent	23,940, 100%	3,174,412	39,201,928
$199 or Less	348, 1.45%, see rank	1.28%	1.50%
$200 to $299	749, 3.13%, see rank	2.20%	3.18%
$300 to $499	3,064, 12.80%, see rank	6.35%	7.37%
$500 to $699	5,963, 24.91%, see rank	19.10%	16.01%
$700 to $999	9,095, 37.99%, see rank	35.25%	29.17%
$1,000 to $1,499	3,821, 15.96%, see rank	26.13%	26.88%
$1,500 to $1,999	576, 2.41%, see rank	6.97%	9.79%
$2,000 or More	324, 1.35%, see rank	2.73%	6.10%
Median	$745, see rank	$870	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Laredo Area	Texas	U.S.
Occupied Housing Units	68,502, 100%	9,013,582	116,211,092
No Vehicles Available	5,664, 8.27%, see rank	5.88%	9.12%
1 Vehicles Available	22,950, 33.50%, see rank	34.31%	33.80%
2 Vehicles Available	25,124, 36.68%, see rank	40.44%	37.48%
3 or More Vehicles Available	14,764, 21.55%, see rank	19.37%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.