Laredo, TX—78040
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Laredo, TX
As of Oct '25, the median home price in Laredo, TX is $127,000, with a year-over-year change of -4.8%. This indicates that home prices in Laredo, TX are decreasing. According to Zillow, the 1-year price projection is -1.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $127,000 | -4.8% |
| Single Family | $127,000 | -5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Laredo, TX
As of July '25, Rentcast reports the average rent in Laredo, TX is $1,020, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Laredo, TX is studios: $900, 1-bedrooms: $813, 2-bedrooms: $986, 3-bedrooms: $1,180, 4-bedrooms: $1,350. The most common rental property sizes in Laredo, TX are 2-bedroom and 3-bedroom, accounting for 37.5% and 28.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $945 | $1,020 |
| Studio Rent | $800 | $900 |
| 1 Bed Rent | $800 | $813 |
| 2 Bed Rent | $1,040 | $986 |
| 3 Bed Rent | $1,300 | $1,180 |
| 4 Bed Rent | $900 | $1,350 |
% of Rental Stock
Property Listings — Laredo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Laredo, TX is 38. This is a decrease of -23.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $142,000 | 1.0% |
Listing Count | 32 | 5.0% |
| Listings as % of Homes | 0.2% | 5.0% |
Days on Market | 38 | -23.0% |
Demographics — Laredo, TX
As of the latest ACS Survey released in 2023, Laredo, TX has a population of 36,100, which has decreased by -14.1% over the past 5 years. Laredo, TX is a popular place for families, as children make up 30.8% of the population. The area has a poorly educated workforce, with 8.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,100 | -14.1% |
% Under 18 | 30.8% | -5.2% |
% Seniors | 14.0% | 6.9% |
% WFH | 4.4% | 51.7% |
% w/ College Degree | 8.8% | 27.5% |
As of the latest ACS Survey released in 2023, Laredo, TX is a predominantly hispanic area, with 97.0% of the population identifying as hispanic. The hispanic population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Laredo, TX is white, making up 2.7% of the population. Foreign-born residents account for 31.6% of the population in Laredo, TX, and this percentage has increased by 9.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 2.7% | 107.7% |
% Black | 0.3% | 50.0% |
% Hispanic | 97.0% | -1.3% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 31.6% | 9.3% |
Mortgage and Risk — Laredo, TX
According to HUD data as of 2023, there were 47 mortgage originations in Laredo, TX, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Laredo, TX. Investor activity is high, as 23.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 23.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Laredo, TX
As of 2024, the percent of homes in Laredo, TX under the Section 8 program is 9.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Laredo, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,134 |
Total Units Section 8 | 662 |
% Rentals under Section 8 | 9.3% |
% Occupied Section 8 | 95.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $120 | $800 | $920 |
| 2 Bedroom | $80 | $1,040 | $1,120 |
| 3 Bedroom | $130 | $1,300 | $1,430 |
| 4 Bedroom | $590 | $900 | $1,490 |
Affordability — Laredo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $127,000 |
| Median Household Income | $35,700 |