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 a population of 3,277, 1,462 total housing units (homes and apartments), and a median house value of $721,554, Port Aransas house prices are not only among the most expensive in Texas, Port Aransas real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Port Aransas, accounting for 49.48% of the city's housing units. Other types of housing that are prevalent in Port Aransas include large apartment complexes or high rise apartments ( 39.00%), duplexes, homes converted to apartments or other small apartment buildings ( 7.13%), and a few row houses and other attached homes ( 3.76%).
Dwellings in Port Aransas tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 55.12% of the homes in Port Aransas have two or fewer bedrooms.
There is a lot of housing in Port Aransas 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 Port Aransas built between 2000 and later ( 34.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.28%). There's also some housing in Port Aransas built before 1939 ( 2.18%).
A decent proportion of the Port Aransas housing stock is seasonally occupied. That is, homes and condos in Port Aransas are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Port Aransas housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Port Aransas has experienced some of the highest home appreciation rates of any community in the nation. Port Aransas real estate appreciated 142.64% over the last ten years, which is an average annual home appreciation rate of 9.27%, putting Port Aransas in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Aransas 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, Port Aransas's appreciation rate, at 6.76%, has been at or slightly above the national average. In the latest quarter, Port Aransas's appreciation rate has been 5.40%, which annualizes to a rate of 23.42%.
Importantly, this makes Port Aransas 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 Port Aransas's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
$721,554
for Texas
for nation
1,462
$3,348 / per month