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 2,641, 932 total housing units (homes and apartments), and a median house value of $348,644, Inez real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Inez, accounting for 63.48% of the town's housing units. Other types of housing that are prevalent in Inez include mobile homes or trailers ( 36.52%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Inez. Owner-occupied housing accounts for 84.98% of Inez's homes, and 68.31% have either three or four bedrooms, which is average sized relative to America.
Inez homes and real estate are some of the newest in America. 46.28% of Inez's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Inez real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.44%), and before 1939 ( 5.12%). There's also some housing in Inez built between 1940-1969 ( 4.15%).
Inez's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Inez during the period has been just 4.83%, which is lower than 80% of US communities.
Over the last year, Inez appreciation rates have trailed the rest of the nation. In the last twelve months, Inez's appreciation rate has been -2.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Inez were at 11.10%, which equates to an annual appreciation rate of 52.35%.
Importantly, this makes Inez one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Texas, our data show that Inez's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
$348,644
for Texas
for nation
932
$2,036 / per month