Laredo Real Estate Market Overview
Average Monthly Rent:
$915
Percentage Change in Home Price/Value:
-2.60%
Median Home Value:
$155,930
Best Time To Sell Home:
June
Affordability Index:
Moderate
Days To Sell House:
104
Job Market:
Weak
Public School Ranking:
33
Selling a House in Laredo
June is the best time to sell your house in Laredo. The average number of days it takes to sell a house is 104, and the median home value is $155,930. In comparison to other cities, 104 days wouldn’t be considered a long time to sell a house. For an iBuyer, a month is typically the longest it takes to close a house sale. iBuyers in your area can assist you in a home sale that is fast and easy. They’ll provide you with an all cash offer based on details regarding your home, and will allow you to move on your terms.
Location and Weather
Laredo is in Webb County Texas and sits on the North bank of the Rio Grande, located across from Tamaulipas Mexico. Laredo International Airport is within the Laredo city limits, and the Quetzalcoatl International Airport is nearby in Nuevo Laredo. 150 miles southwest of San Antonio, Laredo attractions include the San Agustin Catholic Cathedral, the Republic of the Rio Grande Museum and the Imaginarium of South Texas. Laredo is also home to Slaughter Nature Park, and the Lake Casa Blanca International State Park. The city of Laredo has a steady student population as well, with its residents attending schools such as Texas A&M International University and Laredo College.
Laredo summers are humid and hot, while the winters are cool and dry. Summer temperatures are in the high 90’s, with lows in the 70’s. The winter temperatures are in the 70’s, with lows in the high 40’s.
Population, Job Market and Cost of Living
Laredo’s population in 2019 was 255,305, with a growth rate of 12.9 %. The job growth has increased by 1.08% over the last year and in ten years, is predicted to have increased by 33.06%. The major industries are retail trade, transportation, warehousing and educational services. The largest companies to work for are International Bancshares, Laredo Regional Medical Center, Exelco, South Texas Primary Care and Sames Mazda. The cost of living is low, due to the Laredo real estate market and cost of available housing.
With a rich Mexican-U.S. history, steady job growth in diversified industries, higher-education universities, and easy access to nearby international airports, Laredo will continue attracting people to its city.
