Laredo, Texas Housing Market Prices
Laredo Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 24% below the Texas median$196,094
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Median rent 27% below the Texas median$1,022
Housing Market Overview
| Metric | Laredo | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,094 | $258,873 | $248,835 |
| Price Trend (Annual %) | 7.2% | 9.2% | 7.5% |
| Median Gross Rent | $1,022 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Laredo is about 24% lower than in Texas. Rent is about 27% lower than the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Laredo, up about 7.2% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Laredo rose about 35.4% between 2015 and 2024, from $755 to $1,022. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Laredo.
Buying the median-priced home in Laredo costs roughly 16.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Laredo. The price-to-rent ratio in Texas is about 15.4.
| Metric | Laredo | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $196,094 | $258,873 | $248,835 |
| Median Household Income | $61,621 | $78,939 | $80,455 |
| Price-to-Income Ratio | 3.2 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Laredo rose about 71.1%, while median household income rose about 72.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Laredo | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.2% | 56.7% | 58.5% |
| Rental Rate | 35.3% | 33.9% | 31.2% |
| Vacancy Rate | 7.6% | 9.4% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Laredo has a homeownership rate of 57.2%, about the same as the Texas average of 56.7%. Its housing vacancy rate is 7.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Laredo | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.22 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1993 | 1990 | 1978 |
| Median Number of Rooms | 5.1 | 5.4 | 5.5 |
The typical housing unit in Laredo was built around 1993. On average, 3.2 people live in a home with about 5.1 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Laredo, Texas.
What is the median home price in Laredo, Texas?
The median home price in Laredo, Texas is $196,094, lower than the Texas average of $258,873.
What is the average home price in Laredo, Texas?
The typical home price in Laredo, Texas, reported as the median sale price, is $196,094. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Laredo, Texas?
The median gross rent in Laredo, Texas is $1,022 per month, lower than the Texas average of $1,402.
What was the median gross rent in Laredo in 2020?
In 2020, the median gross rent in Laredo, Texas was $853 per month.
What is the price-to-rent ratio in Laredo, Texas?
The price-to-rent ratio in Laredo, Texas is about 16.0, meaning it would take roughly 16.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Laredo.
Are home prices or rent rising faster in Laredo, Texas?
Both home prices and rent are rising in Laredo, up about 7.2% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Laredo, Texas?
57.2% of households in Laredo, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Laredo, Texas?
The housing vacancy rate in Laredo, Texas is 7.6%, lower than the Texas average of 9.4%.
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