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 8,738, 2,951 total housing units (homes and apartments), and a median house value of $384,831, Floresville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Floresville, accounting for 64.92% of the city's housing units. Other types of housing that are prevalent in Floresville include mobile homes or trailers ( 15.67%), large apartment complexes or high rise apartments ( 9.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.51%).
The most prevalent building size and type in Floresville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.00% owning and 36.00% renting.
Floresville homes and real estate are some of the newest in America. 48.53% of Floresville'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 Floresville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.88%), and between 1940-1969 ( 13.00%). There's also some housing in Floresville built before 1939 ( 1.59%).
Vacant housing appears to be an issue in Floresville. Fully 11.22% of the housing stock is classified as vacant. Left unchecked, vacant Floresville homes and apartments can be a drag on the real estate market, holding Floresville 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.
Floresville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Floresville during the period has been just 5.48%, which is lower than 80% of US communities.
Appreciation rates are so strong in Floresville that despite a nationwide downturn in the housing market, Floresville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Floresville appreciation rates continue to be some of the highest in America, at 11.78%, which is higher than appreciation rates in 97.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Floresville. Floresville appreciation rates in the latest quarter were at 0.59%, which equates to an annual appreciation rate of 2.38%.
Relative to Texas, our data show that Floresville'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 Floresville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Floresville - 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 Floresville real estate investment or home purchase decisions.
$384,831
for Texas
for nation
2,951
$1,327 / per month