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 2,403 people, 978 houses or apartments, and a median cost of homes of $579,374, Salado house prices are not only among the most expensive in Texas, Salado 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 Salado, accounting for 88.05% of the village's housing units. Other types of housing that are prevalent in Salado include row houses and other attached homes ( 7.08%), large apartment complexes or high rise apartments ( 2.11%), and a few mobile homes or trailers ( 1.84%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Salado. Owner-occupied housing accounts for 82.72% of Salado's homes, and 75.55% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Salado 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 Salado built between 2000 and later ( 31.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 4.69%). There's also some housing in Salado built before 1939 ( 3.40%).
Vacant housing appears to be an issue in Salado. Fully 10.11% of the housing stock is classified as vacant. Left unchecked, vacant Salado homes and apartments can be a drag on the real estate market, holding Salado 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.
In the last 10 years, Salado has experienced some of the highest home appreciation rates of any community in the nation. Salado real estate appreciated 125.56% over the last ten years, which is an average annual home appreciation rate of 8.47%, putting Salado in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Salado definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Salado appreciation rates have trailed the rest of the nation. In the last twelve months, Salado's appreciation rate has been 2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salado were at 1.97%, which equates to an annual appreciation rate of 8.10%.
Relative to Texas, our data show that Salado's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
$579,374
for Texas
for nation
978
$2,030 / per month