Monday, November 13, 2006

Housing Report for Bexar County, Texas

In Bexar County, the census reported 573,153 housing units in the year 2005. This represents a growth in housing units, adding in all 40,872 housing units since the year 2001, or 7.7 percent.

Throughout the State of Texas, Bexar County ranks 29 of 254 in terms of percentage growth in new housing structures. The county ranks 473 of 3,141, when comparing thee change in housing structures in counties throughout the nation.

The residential real estate values in Bexar County, Texas have seen large increases since their reported values in 2000. The values have increased by $20,100, or 27.1 percent, from when in 2000 they were valued at $74,100.

Bexar County recorded median owner-occupied home value in the year 2005 of $94,200, according to the American Community Survey. This home value is less than the Texas 2005 median home value of $106,000 and less than median home value of $167,500 across the United States during the same year.

Bexar County may be be described as having a medium percentage of high-priced residential real estate. In 2005, the American Community Survey reports that 1.6 percent residential property is valued over $500k.

According to the data, there is a large amount of affordable housing in Bexar County, Texas. In 2005, 67.6 percent of housing was valued under $125k.

Data Source: U.S. Census Bureau

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