Paris, TX Real Estate Market
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.
Date(s) & Update Frequency:
- Home Values, Rents: Reflects Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Paris, TX Housing Market Trends
With a population of 24,695, 10,215 total housing units (homes and apartments), and a median house value of $161,285, house prices in Paris are solidly below the national average.
Single-family detached homes are the single most common housing type in Paris, accounting for 69.18% of the city's housing units. Other types of housing that are prevalent in Paris include large apartment complexes or high rise apartments ( 14.23%), duplexes, homes converted to apartments or other small apartment buildings ( 11.44%), and a few mobile homes or trailers ( 2.63%).
The most prevalent building size and type in Paris are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.37% owning and 51.63% renting.
There is a lot of housing in Paris 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 Paris built between 1940-1969 ( 29.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.49%). There's also some housing in Paris built before 1939 ( 5.71%).
Vacant housing appears to be an issue in Paris. Fully 12.12% of the housing stock is classified as vacant. Left unchecked, vacant Paris homes and apartments can be a drag on the real estate market, holding Paris 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.
Paris Home Appreciation Rates
In the last 10 years, Paris has experienced some of the highest home appreciation rates of any community in the nation. Paris real estate appreciated 115.57% over the last ten years, which is an average annual home appreciation rate of 7.98%, putting Paris in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Paris definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Paris's appreciation rate, at 7.40%, has been at or slightly above the national average. In the latest quarter, Paris's appreciation rate has been 1.51%, which annualizes to a rate of 6.17%.
Relative to Texas, our data show that Paris's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Paris differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Paris - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Paris real estate investment or home purchase decisions.
Median Home Value
$161,285
Low
for Texas
Very Low
for nation
Number of Homes And Apartments:
10,215
TX
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$1,500 / per month