Laredo Real Estate Market Overview
Average Monthly Rent:
$800
Percentage Change in Home Price/Value:
15.4%
Median Home Value:
$225,000
Best Time To Sell Home:
September
Affordability Index:
134
Days To Sell House:
N/A
Job Market:
Weak
Public School Ranking:
28
Location and Weather
The city of Laredo is the county seat of Webb County, located on the north bank of the Rio Grande River. Laredo sits south of the Edwards Plateau, and just east of the Coastal Plains. This city has a small town –esque and a location that’s made it a huge transportation company hotspot. It’s also home to a variety of historic landmarks, attractions, museums and annual festivals that attract both tourists and residents.
Weather in Laredo can be very hot and humid, reaching a high temperature of 99.5 during the month of August. There’s less rain here than most cities in Texas, and typically no snow.
Population, Job Market and Cost of Living
The population in Laredo is 267,396, with a growth rate of 0.62% annually. The job market has increased by 1.1% over the last year. In ten years, job growth is predicted to be 33.4%. The economy here is largely dependent on international trade with Mexico, as it is an inland port on the USA-Mexico border. Laredo also serves two public school districts, which has resulted in education to be one of the key industries within the city’s job market. Other large industries include transportation and logistics, government, hospitality, construction and health services.
The job market is diverse, and the city of Laredo emphasizes their efforts to maintain a conducive environment for the employment opportunity here. This is an affordable city to live in, with a lower average cost of living than the Texas and U.S. average.