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 7,530, 3,037 total housing units (homes and apartments), and a median house value of $970,397, Alamo Heights house prices are not only among the most expensive in Texas, Alamo Heights 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 Alamo Heights, accounting for 65.83% of the city's housing units. Other types of housing that are prevalent in Alamo Heights include large apartment complexes or high rise apartments ( 20.73%), duplexes, homes converted to apartments or other small apartment buildings ( 7.71%), and a few row houses and other attached homes ( 5.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alamo Heights. Owner-occupied housing accounts for 72.48% of Alamo Heights's homes, and 55.46% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Alamo Heights's housing was primarily built during this period, from the '40s through the '60s. A full 38.49% of the city's housing hails from this era. Other housing ages represented in Alamo Heights include homes built before 1939 ( 31.97%) and housing constructed between 1970-1999 ( 18.36%). There's also some housing in Alamo Heights built between 2000 and later ( 11.18%).
Vacant housing appears to be an issue in Alamo Heights. Fully 14.23% of the housing stock is classified as vacant. Left unchecked, vacant Alamo Heights homes and apartments can be a drag on the real estate market, holding Alamo Heights 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.
Alamo Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alamo Heights during the period has been just 5.65%, which is lower than 70% of US communities.
Over the last year, Alamo Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Alamo Heights's appreciation rate has been 1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alamo Heights were at -1.46%, which equates to an annual appreciation rate of -5.70%.
Notably, Alamo Heights's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Alamo Heights's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.
$970,397
for Texas
for nation
3,037
$2,952 / per month