Texarkana, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Texarkana, TX Housing Market Trends

With 36,317 people, 14,025 houses or apartments, and a median cost of homes of $126,237, house prices in Texarkana are solidly below the national average.

Single-family detached homes are the single most common housing type in Texarkana, accounting for 66.27% of the city's housing units. Other types of housing that are prevalent in Texarkana include large apartment complexes or high rise apartments ( 18.59%), duplexes, homes converted to apartments or other small apartment buildings ( 11.69%), and a few mobile homes or trailers ( 1.89%).

The most prevalent building size and type in Texarkana are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.67% owning and 51.33% renting.

There is a lot of housing in Texarkana 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 Texarkana built between 1940-1969 ( 29.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.82%). There's also some housing in Texarkana built before 1939 ( 5.71%).

Vacant housing appears to be an issue in Texarkana. Fully 15.86% of the housing stock is classified as vacant. Left unchecked, vacant Texarkana homes and apartments can be a drag on the real estate market, holding Texarkana 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.

Texarkana Home Appreciation Rates

Texarkana's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Texarkana during the period has been just 2.48%, which is lower than 70% of US communities.

Over the last year, Texarkana appreciation rates have trailed the rest of the nation. In the last twelve months, Texarkana's appreciation rate has been 7.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Texarkana were at 1.10%, which equates to an annual appreciation rate of 4.46%.

Notably, Texarkana's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Texarkana's latest annual appreciation rate is lower than 70% 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 Texarkana differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Texarkana - 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 Texarkana real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$126,237

Texarkana, TX HOME PRICES

> $1,178,000
0.9%
0.9%
$884,001 - $1,178,000
0.7%
0.7%
$589,001 - $884,000
1.7%
1.7%
$471,001 - $589,000
1.6%
1.6%
$354,001 - $471,000
3.2%
3.2%
$235,001 - $354,000
11.6%
11.6%
$118,001 - $235,000
36.8%
36.8%
$59,001 - $118,000
26.0%
26.0%
$0 - $59,000
17.6%
17.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for TX

Value Relative To Nation

Number Of Homes And Apartments:
14,025

Texarkana Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
68.71% 2.46%
1
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$995 / per month

Homeownership Rate

Owners
48.7%
48.7%
Renters
51.3%
51.3%
Vacant
15.9%
15.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.8%
18.8%
1970 - 1999
45.9%
45.9%
1940 - 1969
29.6%
29.6%
1939 or Older
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.3%
66.3%
Townhomes
1.6%
1.6%
Small Apt. Buildings
11.7%
11.7%
Apt. Complexes
18.6%
18.6%
Mobile Homes
1.9%
1.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.6%
3.6%
1 Bedroom
11.2%
11.2%
2 Bedrooms
25.3%
25.3%
3 Bedrooms
45.7%
45.7%
4 Bedrooms
12.2%
12.2%
5 or more bedrooms
2.0%
2.0%
0.0% 100.0%
% OF HOMES