Median price for residential apartments in Weslaco, TX as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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267 Weslaco, TX, USA apartments for sale
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Weslaco
According to statistics, the population in Weslaco, TX amounts to 39,420, which shows growth 1% compared to the previous year. The median age of the city’s residents is 32. The average household income is $37,558, shifting growth 4% from the past year, and the average property value in Weslaco, TX growth 3% to $78,400 throughout the year.
| Population | 39,420 |
| Median Age | 31.9 |
| Poverty Rate | 26% |
| Household Income | $37,558 |
| Number Of Employees | 15,042 |
| Median Property Value | $78,400 |
Household Income
The average household income in Weslaco, TX grew from $36,157 to $37,558 in the past year. This data is an estimate based upon 12,319 households in Weslaco, TX . The chart below presents how household income is distributed in Weslaco, TX in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Weslaco, TX shifted from $76,200 to $78,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Weslaco, TX in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Weslaco, TX properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Weslaco, TX compared to median property taxes around the country. The prevalent amount of property taxes in Weslaco, TX equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Weslaco, TX, USA
Average apartment sale in Weslaco: $260,785 (+12%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $342,906 | +49.8% |
| 1-bed apartments | $110,000 | -6.7% |
| 2-bed apartments | $55,550 | -47.8% |
| 3-bed apartments | $209,401 | -5.1% |
| 4+ bed apartments | $331,154 | +6.3% |
During Jan 2023, the average price for an apartment in/near Weslaco, TX increased by 12% to $260,785.
Knowing the current property prices is key if you plan to buy a studio in Weslaco, TX. The average price for a studio has increased since the last month, currently being $342,906. After collecting all data points, we now see that the average price for 1-bed apartment decreased by 6.7% to $110,000. Asking price for 2-bed apartment also decreased by 47.8% and a place of this size will now cost you $55,550. A 3-bed apartment goes for $209,401, it decreased by 5.1% lately. We discerned the rise of 4- and more bed apartment price. It increased by 6.3% and made it up to $331,154.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $229,150 | -4.5% |
| Land for sale | $323,820 | +55.1% |
| Apartments for sale | $510,000 | +43.7% |
The average cost of an apartment in Weslaco, TX rised by 43.7% to $510,000. Price reports demonstrate that house price decreased by 4.5% this month making it up to $229,150. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $120,125. The average price of the land for sale in Weslaco, TX has increased by 55.1%, and now equals $323,820.
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