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Laredo Metro Area Housing

 

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 ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle 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 AreaTexasU.S.
Total Housing Units75,508, see rank, 100%10,187,189132,741,033
Occupied Housing Units68,502, 90.72%, see rank88.48%87.55%
Owner Occupied42,848, 56.75%, see rank55.49%56.34%
Renter Occupied25,654, 33.98%, see rank32.99%31.21%
Vacant Housing Units7,006, 9.28%, see rank11.52%12.45%
For Rent1,350, 1.79%, see rank3.13%2.34%
For Sale Only466, 0.62%, see rank1.05%1.20%
Rented or Sold, Not Occupied1,250, 1.66%, see rank0.97%0.92%
For Seasonal, Recreational, or Occasional Use1,414, 1.87%, see rank2.37%3.97%
For Migrant Workers29, 0.04%, see rank0.02%0.03%
Other Vacant2,497, 3.31%, see rank3.97%4.00%

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

Year Structure Built

Median Built Year, #24
Laredo AreaTexasU.S.
199119841976

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%TexasU.S.
Owner-Occupied Units42,848100%5,652,54274,787,460
With a Mortgage24,98658.31%, see rank60.56%65.58%
Without a Mortgage17,86241.69%, see rank39.44%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 CostsLaredo Area%TexasU.S.
$299 or Less80.03%, see rank0.15%0.20%
$300 to $4992200.88%, see rank1.18%1.59%
$500 to $6991,0624.25%, see rank4.49%5.01%
$700 to $9995,04720.20%, see rank14.70%14.32%
$1,000 to $1,4999,32037.30%, see rank33.20%27.90%
$1,500 to $1,9995,81423.27%, see rank22.54%20.35%
$2,000 to $2,9992,61910.48%, see rank16.45%19.52%
$3,000 or More8963.59%, see rank7.30%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%TexasU.S.
10% or Less7082.83%, see rank6.26%5.86%
10% to 20%6,58326.35%, see rank36.09%31.95%
20% to 30%7,14528.60%, see rank27.65%27.64%
30% to 40%3,50114.01%, see rank12.28%13.74%
40% or More6,72826.93%, see rank17.16%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 CostsLaredo Area%TexasU.S.
$199 or Less1,3927.79%, see rank7.97%7.76%
$200 to $2992,90716.27%, see rank14.81%14.70%
$300 to $4996,67437.36%, see rank33.97%34.63%
$500 to $6993,90521.86%, see rank22.08%21.16%
$700 or More2,98416.71%, see rank21.17%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%TexasU.S.
10% or Less5,32829.83%, see rank41.43%40.19%
10% to 20%6,85038.35%, see rank32.37%31.47%
20% to 30%2,36813.26%, see rank11.78%12.24%
30% to 40%1,1656.52%, see rank5.09%5.64%
40% or More1,7589.84%, see rank8.03%9.16%

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

Units in Structure

 Laredo AreaTexasU.S.
Total Housing Units75,508, 100%10,187,189132,741,033
1-unit, Detached50,760, 67.22%, see rank65.34%61.65%
1-unit, Attached1,866, 2.47%, see rank2.68%5.82%
2 Units1,878, 2.49%, see rank1.94%3.75%
3 or 4 Units3,718, 4.92%, see rank3.20%4.43%
5 to 9 Units2,877, 3.81%, see rank4.85%4.78%
10 or More Units7,035, 9.32%, see rank14.35%13.08%
Mobile Home, Boat, RV, Van, etc.7,374, 9.77%, see rank7.63%6.49%

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

Rooms

 Laredo AreaTexasU.S.
Total Housing Units75,508, 100%10,187,189132,741,033
1 Room1,663, 2.20%, see rank1.69%1.95%
2 Rooms2,080, 2.75%, see rank2.86%2.48%
3 Rooms8,155, 10.80%, see rank10.61%9.13%
4 Rooms16,821, 22.28%, see rank16.68%16.60%
5 Rooms20,093, 26.61%, see rank21.74%20.41%
6 Rooms13,182, 17.46%, see rank18.39%18.06%
7 Rooms6,883, 9.12%, see rank11.53%12.27%
8 Rooms3,482, 4.61%, see rank7.50%8.48%
9 Rooms or More3,149, 4.17%, see rank8.98%10.60%
Median Rooms4.90, see rank5.305.50

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

Bedrooms

 Laredo AreaTexasU.S.
Total Housing Units75,508, 100%10,187,189132,741,033
No Bedroom1,819, 2.41%, see rank1.85%2.17%
1 Bedroom6,238, 8.26%, see rank12.69%11.16%
2 Bedrooms20,038, 26.54%, see rank23.33%26.69%
3 Bedrooms34,398, 45.56%, see rank41.71%39.70%
4 Bedrooms10,492, 13.90%, see rank17.12%16.05%
5 or More Bedrooms2,523, 3.34%, see rank3.30%4.22%

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

House Heating Fuel

 Laredo AreaTexasU.S.
Total Housing Units68,502, 100%9,013,582116,211,092
Utility Gas10,950, 15.98%, see rank37.22%48.85%
Bottled, Tank, or LP Gas587, 0.86%, see rank3.42%4.86%
Electricity55,332, 80.77%, see rank58.19%36.68%
Fuel Oil, Kerosene, etc.26, 0.04%, see rank0.12%5.86%
Coal or Coke0, 0.00%, see rank0.01%0.12%
Wood38, 0.06%, see rank0.43%2.12%
Solar Energy7, 0.01%, see rank0.01%0.05%
Other Fuel54, 0.08%, see rank0.16%0.47%
No Fuel Used1,508, 2.20%, see rank0.44%1.00%

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

Gross Rent

Monthly RentalLaredo AreaTexasU.S.
Occupied Units Paying Rent23,940, 100%3,174,41239,201,928
$199 or Less348, 1.45%, see rank1.28%1.50%
$200 to $299749, 3.13%, see rank2.20%3.18%
$300 to $4993,064, 12.80%, see rank6.35%7.37%
$500 to $6995,963, 24.91%, see rank19.10%16.01%
$700 to $9999,095, 37.99%, see rank35.25%29.17%
$1,000 to $1,4993,821, 15.96%, see rank26.13%26.88%
$1,500 to $1,999576, 2.41%, see rank6.97%9.79%
$2,000 or More324, 1.35%, see rank2.73%6.10%
Median$745, see rank$870$920

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

Vehicle Available

 Laredo AreaTexasU.S.
Occupied Housing Units68,502, 100%9,013,582116,211,092
No Vehicles Available5,664, 8.27%, see rank5.88%9.12%
1 Vehicles Available22,950, 33.50%, see rank34.31%33.80%
2 Vehicles Available25,124, 36.68%, see rank40.44%37.48%
3 or More Vehicles Available14,764, 21.55%, see rank19.37%19.61%

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


 
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