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 5,927 people, 3,394 houses or apartments, and a median cost of homes of $309,516, Alpine real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Alpine, accounting for 57.94% of the city's housing units. Other types of housing that are prevalent in Alpine include mobile homes or trailers ( 20.85%), large apartment complexes or high rise apartments ( 12.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.38%).
People in Alpine primarily live in small (one, two or no bedroom) single-family detached homes. Alpine has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Alpine's housing was primarily built during this period, from the '40s through the '60s. A full 34.45% of the city's housing hails from this era. Other housing ages represented in Alpine include homes built between 1970-1999 ( 32.04%) and housing constructed between 2000 and later ( 20.14%). There's also some housing in Alpine built before 1939 ( 13.37%).
Vacant housing appears to be an issue in Alpine. Fully 13.90% of the housing stock is classified as vacant. Left unchecked, vacant Alpine homes and apartments can be a drag on the real estate market, holding Alpine 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.
Real estate appreciation rates in Alpine's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.20% during the period.
NeighborhoodScout's data show that during the latest twelve months, Alpine's appreciation rate, at 5.97%, has been at or slightly above the national average. In the latest quarter, Alpine's appreciation rate has been 1.51%, which annualizes to a rate of 6.17%.
Relative to Texas, our data show that Alpine's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$309,516
for Texas
for nation
3,394
$1,346 / per month