Monday, November 13, 2006

Housing Report for Cameron County, Texas

In the State of Texas, Cameron County ranks 20 of 254 in terms of percentage growth in new housing structures. The county ranks 254 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.

Cameron County had a median home value in the year 2005 of $62,100, accounted by the American Community Survey. This is less than the Texas 2005 home median value of $106,000 and less than home value of $167,500 across the nation during that year.

Cameron County is made up of a medium percentage of homes that are high in price. In 2005, the American Community Survey accounted that 1 percent owner-occupied dwelling are valued over a half a million dollars.

In Cameron County, there were a total of 137,240 homes in the year 2005. This county has gone through a growth in housing units, adding in all 13,295 homes since 2001, or 10.7 percent.

The residential home values in Cameron County, Texas have moderate increases from the real estate values reported in 2000. The valuations have increased by $9,100, or 17.2 percent, since 2000 when they were valued at $53,000.

According to the data, there is a large amount of housing that is affordable in Cameron County, Texas. In 2005, 84.5 percent of the homes were valued under $125,000.

Data Source: U.S. Census Bureau

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