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 2,129, 890 total housing units (homes and apartments), and a median house value of $231,225, house prices in Idalou are solidly below the national average.
Single-family detached homes are the single most common housing type in Idalou, accounting for 84.88% of the city's housing units. Other types of housing that are prevalent in Idalou include duplexes, homes converted to apartments or other small apartment buildings ( 6.54%), large apartment complexes or high rise apartments ( 4.33%), and a few mobile homes or trailers ( 2.58%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Idalou. Owner-occupied housing accounts for 66.43% of Idalou's homes, and 61.57% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Idalou 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 Idalou built between 1940-1969 ( 42.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.08%).
Vacant housing appears to be an issue in Idalou. Fully 17.97% of the housing stock is classified as vacant. Left unchecked, vacant Idalou homes and apartments can be a drag on the real estate market, holding Idalou 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.
Appreciation rates for homes in Idalou have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.12%, which ranks in the top 50% nationwide. This equates to an annual average Idalou house appreciation rate of 6.75%.
NeighborhoodScout's data show that during the latest twelve months, Idalou's appreciation rate, at 6.21%, has been at or slightly above the national average. In the latest quarter, Idalou's appreciation rate has been -0.31%, which annualizes to a rate of -1.23%.
Notably, Idalou's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Idalou's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$231,225
for Texas
for nation
890
$994 / per month