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 3,432 people, 1,156 houses or apartments, and a median cost of homes of $137,865, house prices in Kenedy 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 Kenedy, accounting for 71.88% of the city's housing units. Other types of housing that are prevalent in Kenedy include large apartment complexes or high rise apartments ( 16.44%), duplexes, homes converted to apartments or other small apartment buildings ( 8.59%), and a few mobile homes or trailers ( 3.09%).
The most prevalent building size and type in Kenedy are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.71% owning and 51.29% renting.
There is a lot of housing in Kenedy 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 Kenedy built between 1940-1969 ( 31.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.04%). There's also some housing in Kenedy built before 1939 ( 6.92%).
Vacant housing appears to be an issue in Kenedy. Fully 28.55% of the housing stock is classified as vacant. Left unchecked, vacant Kenedy homes and apartments can be a drag on the real estate market, holding Kenedy 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.
Appreciation rates for homes in Kenedy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.44%, which ranks in the top 40% nationwide. This equates to an annual average Kenedy house appreciation rate of 7.25%.
Over the last year, Kenedy appreciation rates have trailed the rest of the nation. In the last twelve months, Kenedy's appreciation rate has been 4.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kenedy were at 1.51%, which equates to an annual appreciation rate of 6.17%.
Relative to Texas, our data show that Kenedy's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.
$137,865
for Texas
for nation
1,156
$1,705 / per month