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 14,437 people, 3,705 houses or apartments, and a median cost of homes of $192,693, house prices in Hidalgo are solidly below the national average.
Single-family detached homes are the single most common housing type in Hidalgo, accounting for 86.29% of the city's housing units. Other types of housing that are prevalent in Hidalgo include large apartment complexes or high rise apartments ( 7.16%), mobile homes or trailers ( 3.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.94%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hidalgo. Owner-occupied housing accounts for 75.51% of Hidalgo's homes, and 75.72% have either three or four bedrooms, which is average sized relative to America.
Hidalgo homes and real estate are some of the newest in America. 64.01% of Hidalgo's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hidalgo real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.52%), and between 1940-1969 ( 0.47%).
Appreciation rates for homes in Hidalgo have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.76%, which ranks in the top 40% nationwide. This equates to an annual average Hidalgo house appreciation rate of 7.27%.
Over the last year, Hidalgo appreciation rates have trailed the rest of the nation. In the last twelve months, Hidalgo's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hidalgo were at 8.04%, which equates to an annual appreciation rate of 36.25%.
Importantly, this makes Hidalgo 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 Hidalgo's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.
$192,693
for Texas
for nation
3,705
$1,497 / per month