Laredo, TX
The numbers that matter most
What an investor checks first when sizing up a new metro — affordability ratio, rent vs income, cap rate proxy, and where the market is moving. Each metric shown vs. state and national medians for instant context.
affordable
Price to income
2.86×
The single most-cited 'is this market still cheap' check. Below 3× and you're in an affordability tailwind.
- vs Texas
- 2.95×-0.09
- vs U.S.
- 3.43×-0.57
Benchmark
ACS median home value ÷ median HHI
comfortable
Rent to income
22.3%
What share of a typical household's income goes to rent. Below 30% means tenants can absorb modest rent increases.
- vs Texas
- 23.2%-0.9
- vs U.S.
- 23.3%-1.0
Benchmark
(HUD FMR 2BR × 12) ÷ median HHI
deal-by-deal
Cap rate proxy
5.06%
Rough first-pass yield assuming a 35% expense ratio. Not an underwriting number — a 'is this even worth modeling' filter.
- vs Texas
- 5.06%=
- vs U.S.
- 4.35%+0.71
Benchmark
(FMR 2BR × 12 × 0.65) ÷ ACS median home value
shrinking
Net migration
-0.34%
Forward-looking demand signal. Positive net migration drives rent growth and absorbs new supply.
- vs Texas
- -0.00%
- vs U.S.
- 0.03%
Benchmark
IRS net migration ÷ population
normal
Permit pipeline
4.90
permits per 1,000 residents
Forward-supply indicator. Above ~5 means the metro is building meaningfully relative to its size; below 2 means supply is tight.
- vs Texas
- 5.01
- vs U.S.
- 3.52+1.38
Benchmark
Census BPS permits TTM ÷ population × 1,000
softening
Unemployment
4.1%
Tighter unemployment means higher wages, more rental demand, lower vacancy.
- vs Texas
- 3.7%
- vs U.S.
- 3.9%
Benchmark
BLS LAUS, latest month
Where prices are and where they've been
5-year price appreciation
+48.0%
homeValues.yearOverYear
+4.6%
Median home value
$178,900
The rent ladder
| Bedroom | Monthly | Annual | % of median HHI |
|---|---|---|---|
| 1 BR | $962 | $11,544 | 18.5% |
| 2 BR | $1,161 | $13,932 | 22.3% |
| 3 BR | $1,499 | $17,988 | 28.8% |
Labor market direction
Unemployment
4.1%
Median household income
$62,506
What's being built
Total TTM
1,311
+5.7% YoY
Single-family
1,009
2–4 unit
54
5+ unit
248
All 1 counties, ranked by population
| County | Population | Home value | Median HHI | Permits TTM | YoY |
|---|---|---|---|---|---|
| Webb County | 267,282 | $178,900 | $62,506 | 1,311 | +5.7% |
Similar metros nationally
| Metro | Pop | Med HHI | P/I | Cap proxy | HPI 5y | Permits/1k | Unemp |
|---|---|---|---|---|---|---|---|
| ★Laredo | 267,282 | $62,506 | 2.86× | 5.06% | +48.0% | 4.90 | 4.1% |
| Erie, PA | 270,495 | $61,476 | — | — | +61.3% | — | 4.2% |
| Waco, TX | 278,103 | $63,880 | — | — | +49.5% | — | 3.6% |
| Tuscaloosa, AL | 272,931 | $59,975 | — | — | +45.0% | — | 2.4% |
| College Station-Bryan, TX | 269,418 | $59,691 | — | — | +48.3% | — | 3.1% |
| Amarillo, TX | 269,278 | $66,571 | — | — | +39.5% | — | 2.8% |
Where people are moving in from
Net migration
-909
-0.34% of population
| Origin county | Tax returns |
|---|---|
| Bexar County, TX | 342 |
| Harris County, TX | 104 |
| Hidalgo County, TX | 89 |
| Travis County, TX | 78 |
| Dallas County, TX | 73 |
| Tarrant County, TX | 41 |
Who lives in Laredo
- Median age
- 30
- Bachelor's+
- 20.9%
- Owner-occupancy
- 63.9%
- Vacancy rate
- 8.3%
- Rent burdened (30%+)
- 47.6%
- Median household income
- $62,506
This page shows federally sourced data. A full editorial analysis with charts and investment commentary is in progress.