Zip 78040 (Laredo, TX) Housing

The housing market in 78040 Laredo, TX is thriving. The median value of a house in this area is $103,000, which is significantly lower than the US median house value of $338,100. This area experienced an impressive year-over-year appreciation rate of 15.93%, higher than the US average of 8.27%. This indicates that now may be a great time to purchase a home in 78040 Laredo, TX as there are still plenty of affordable options and potential for further growth within the local real estate market.

The median home cost in Laredo (zip 78040) is $103,000. Home appreciation the last 10 years has been 93.7%. Home Appreciation in Laredo (zip 78040) is up 17.4%.

Average Age of Homes

- The median age of Laredo (zip 78040) real estate is 49 years old

The Rental Market in Laredo (zip 78040)

- Renters make up 49.6% of the Laredo (zip 78040) population
- 7.2% of houses and apartments in Laredo (zip 78040), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Laredo, Texas	United States
	13,546.0	139,647,020.0
	53	42
	$103,000	$338,100
	17.4%	16.6%
	57.5%	57.0%
	93.7%	101.1%
	$19.02	$10.98
	$1,624	$2,690
	36.1%	57.4%
	16.5%	11.2%
	47.4%	31.4%
Vacant Housing
	7.2%	1.9%
	0.8%	0.4%
	0.8%	0.7%
	2.0%	0.4%
	0.7%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	3.0%	2.6%
	5.3%	2.4%
	17.5%	2.8%
	17.8%	3.9%
	16.5%	4.5%
	18.3%	11.3%
	13.6%	13.0%
	6.6%	20.1%
	0.3%	13.6%
	0.1%	8.3%
	0.2%	9.7%
	0.4%	3.9%
	0.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	11.6%	13.6%
	12.5%	13.2%
	11.0%	14.8%
	11.6%	13.6%
	15.2%	10.0%
	10.9%	4.7%
	14.5%	12.2%

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