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Housing Characteristics
HOUSING CHARACTERISTICS: In 2005-2009, Galveston County had a total of 131,000 housing units, 18 percent of which were vacant. Of the total housing units, 72 percent was in single-unit structures, 22 percent was in multi-unit structures, and 5 percent was mobile homes. Thirty percent of the housing units were built since 1990.
The Types of Housing Units in Galveston County, Texas in 2005-2009
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Single-unit structures
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72%
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In multi-unit structures
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22%
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Mobile homes
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5%
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Percent of housing units
Source: American Community Survey, 2005-2009
OCCUPIED HOUSING UNIT CHARACTERISTICS: In 2005-2009, Galveston County had 107,000 occupied housing units - 72,000 (68 percent) owner occupied and 35,000 (32 percent) renter occupied. Four percent of the households did not have telephone service and 6 percent of the households did not have access to a car, truck, or van for private use. Multi Vehicle households were not rare. Forty percent had two vehicles and another 18 percent had three or more.
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Housing Market
According to the MLS, the Median Priced home for 2007 was $174,400. According to American Community Survey 2005-1007, The median monthly housing costs for mortgaged owners was $1,473, nonmortgaged owners $509, and renters $751. Thirty-one percent of owners with mortgages, 20 percent of owners without mortgages, and 43 percent of renters in Galveston County spent 30 percent or more of household income on housing.
According to the Real Estate Center at Texas A&M University, The Price Distribution of MLS Homes Sold in the Galveston Area is presented below.
(in percent)
| Price Range |
2005 |
2006 |
2007 |
| $29,999 or less |
0.4 |
0.8 |
1.1 |
| 30,000-39,999 |
1.4 |
0.6 |
0.8 |
| 40,000-49,999 |
2.3 |
1.5 |
1.2 |
| 50,000-59,999 |
2.8 |
1.7 |
1.9 |
| 60,000-69,999 |
4.7 |
2.3 |
3.4 |
| 70,000-79,999 |
5.5 |
3.6 |
3.5 |
| 80,000-89,999 |
5.2 |
4.5 |
4.1 |
| 90,000-99,999 |
4.6 |
3.9 |
3.6 |
| 100,000-119,999 |
7.2 |
8.6 |
6.7 |
| 120,000-139,999 |
7.9 |
9.2 |
10.3 |
| 140,000-159,999 |
7.0 |
7.5 |
7.5 |
| 160,000-179,999 |
9.6 |
8.9 |
8.2 |
| 180,000-199,999 |
5.1 |
5.8 |
4.6 |
| 200,000-249,999 |
10.0 |
10.7 |
10.1 |
| 250,000-299,999 |
7.5 |
6.2 |
10.2 |
| 300,000-399,999 |
9.1 |
12.1 |
9.9 |
| 400,000-499,999 |
4.3 |
5.3 |
5.3 |
| 500,000 and more |
5.6 |
6.8 |
7.7 |
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| UTMB Victory Lakes Addition - Thursday, November 08, 2012 UTMB plans a big expansion at Victory Lakes! The University of Texas Medical Branch has announced plans for an $82 million expansion at its League City location along the Gulf Freeway, between the League City Parkway and FM 646. The 142,000 SF expansion would include 39 inpatient beds, 17 emergency/urgent care beds, additional operating rooms, endoscopy rooms and 25,000 SF of shell space for future development. This will be the second building on the 60+acre tract. UTMB opened the 110,000 SF Specialty Care Center in 2010. |
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