Port Arthur, 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
Port Arthur, TX Housing Market Trends
With a population of 55,579, 20,364 total housing units (homes and apartments), and a median house value of $127,336, house prices in Port Arthur are some of the most affordable in Texas as well as the nation.
Single-family detached homes are the single most common housing type in Port Arthur, accounting for 69.36% of the city's housing units. Other types of housing that are prevalent in Port Arthur include large apartment complexes or high rise apartments ( 21.02%), duplexes, homes converted to apartments or other small apartment buildings ( 6.85%), and a few row houses and other attached homes ( 1.52%).
The most prevalent building size and type in Port Arthur are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.48% owning and 43.52% renting.
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. Port Arthur's housing was primarily built during this period, from the '40s through the '60s. A full 39.11% of the city's housing hails from this era. Other housing ages represented in Port Arthur include homes built between 1970-1999 ( 33.66%) and housing constructed between 2000 and later ( 23.33%). There's also some housing in Port Arthur built before 1939 ( 3.90%).
Vacant housing appears to be an issue in Port Arthur. Fully 18.48% of the housing stock is classified as vacant. Left unchecked, vacant Port Arthur homes and apartments can be a drag on the real estate market, holding Port Arthur 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.
Port Arthur Home Appreciation Rates
Real estate appreciation rates in Port Arthur's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.97% during the period.
Appreciation rates are so strong in Port Arthur that despite a nationwide downturn in the housing market, Port Arthur real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Arthur appreciation rates continue to be some of the highest in America, at 8.84%, which is higher than appreciation rates in 79.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Arthur. Port Arthur appreciation rates in the latest quarter were at 8.51%, which equates to an annual appreciation rate of 38.61%.
Importantly, NeighborhoodScout’s exclusive research found that Port Arthur's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Texas, our data show that Port Arthur'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 Port Arthur differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Port Arthur - 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 Port Arthur real estate investment or home purchase decisions.
Median Home Value
$127,336
Very Low
for Texas
Very Low
for nation
Number of Homes And Apartments:
20,364
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:
$1,501 / per month