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Texas Gulf Coast Buyer Demographics
The NATIONAL ASSOCIATION OF REALTORS® Profile of Second-Home Owners describes the characteristic and motivations of second-home owners.

CHARACTERISTICS OF SECOND-HOME OWNERS
  • The typical vacation-home owner is 59 years old,while the median age of investment property owners is 55.
  • Vacation-home owners reported a median income of $120,600.
  • The median income of investment property owners was $98,600.
  • Over three-quarters of second-home owners are married.
  • Boomers are an important segment of the 2nd home market. Nearly 60% of owners are 45 to 64 years old.
  • 82% of all 2nd home owners drive to their vacation home.
VACATION-HOME OWNERS
  • While three-quarters of vacation-home owners purchased their home to use for vacations, one-third of owners reported that it was a good investment opportunity as well.
  • Over half of vacation home owners noted that their interest near water was one of the motivations for purchasing their home.
  • The typical vacation home is located 220 miles from the owner’s primary residence.
  • Nearly half of vacation homes are in resort or recreation areas.
  • Vacation-home owners spend a median of 39 nights in their home each year.
  • 75% of Vacation home owners don’t rent the property.
For vacation-home owners, lifestyle considerations such as proximity to the ocean or to a favorite vacation spot are often the most important motivations.

With the oldest baby boomers just now reaching 60 years of age and the youngest boomers in their early 40’s, they will figure prominently into the future demand for vacation homes. Ownership of investment properties hinges on the financial gains owners expect from rental income or from appreciation in the value of their property.

Mortgage rates, the strength of the local economy and access to rental markets are more important factors for investment property owners than vacation home owners. Also, investment property owners, more so than vacation-home owners, choose properties near their primary residence.

Not only has the population been rising, Texas has now been named as the number one state in economic development by Business Facilities magazine. A total of $15.4 billion in investment and 9,335 jobs to be created has qualified it as State of the Year for 2007.

With this kind of economic strength and population growth, residents of Texas’ metropolises provide a large continual supply of buyers for our coastal properties.

Top States: California 14%, New York 8%, Florida 6%, Illinois 5%, Colorado 4%, Arizona 4%, New Jersey 4%, Missouri 3%, Georgia 3%, Oklahoma 3%, Minnesota 3%, Virginia 3% - excluding [Texas 55%]

Population Migration

Texas was the top state in the country for the number of inbound moves in 2007, according to the Atlas Van Lines migration study. That means Texas welcomed the highest number of new residents out of all the states in the country.

Texas is a close second only to Florida, for attracting the retirement crowd, according to newly released census data.
The Texas Gulf Coast has become a magnet for retirees and snowbirds, because of the beautiful beaches and ports, great attractions, boating, outstanding recreational opportunities and affordable prices.
The NATIONAL ASSOCIATION OF REALTORS® Profile of Second-Home Owners describes the characteristic and motivations of second-home owners.

CHARACTERISTICS OF SECOND-HOME OWNERS
  • The typical vacation-home owner is 59 years old,while the median age of investment property owners is 55.
  • Vacation-home owners reported a median income of $120,600.
  • The median income of investment property owners was $98,600.
  • Over three-quarters of second-home owners are married.
  • Boomers are an important segment of the 2nd home market. Nearly 60% of owners are 45 to 64 years old.
  • 82% of all 2nd home owners drive to their vacation home.
VACATION-HOME OWNERS
  • While three-quarters of vacation-home owners purchased their home to use for vacations, one-third of owners reported that it was a good investment opportunity as well.
  • Over half of vacation home owners noted that their interest near water was one of the motivations for purchasing their home.
  • The typical vacation home is located 220 miles from the owner’s primary residence.
  • Nearly half of vacation homes are in resort or recreation areas.
  • Vacation-home owners spend a median of 39 nights in their home each year.
  • 75% of Vacation home owners don’t rent the property.
For vacation-home owners, lifestyle considerations such as proximity to the ocean or to a favorite vacation spot are often the most important motivations.

With the oldest baby boomers just now reaching 60 years of age and the youngest boomers in their early 40’s, they will figure prominently into the future demand for vacation homes. Ownership of investment properties hinges on the financial gains owners expect from rental income or from appreciation in the value of their property.

Mortgage rates, the strength of the local economy and access to rental markets are more important factors for investment property owners than vacation home owners. Also, investment property owners, more so than vacation-home owners, choose properties near their primary residence.

Not only has the population been rising, Texas has now been named as the number one state in economic development by Business Facilities magazine. A total of $15.4 billion in investment and 9,335 jobs to be created has qualified it as State of the Year for 2007.

With this kind of economic strength and population growth, residents of Texas’ metropolises provide a large continual supply of buyers for our coastal properties.

Top States: California 14%, New York 8%, Florida 6%, Illinois 5%, Colorado 4%, Arizona 4%, New Jersey 4%, Missouri 3%, Georgia 3%, Oklahoma 3%, Minnesota 3%, Virginia 3% - excluding [Texas 55%]

Population Migration

Texas was the top state in the country for the number of inbound moves in 2007, according to the Atlas Van Lines migration study. That means Texas welcomed the highest number of new residents out of all the states in the country.

Texas is a close second only to Florida, for attracting the retirement crowd, according to newly released census data.
The Texas Gulf Coast has become a magnet for retirees and snowbirds, because of the beautiful beaches and ports, great attractions, boating, outstanding recreational opportunities and affordable prices.
Galveston and Crystal Beach Area Buyer Demographics
 Galveston Area Interest  
 Galveston Area Interest  
Rockport Area Buyer Demographics
 Rockport Area Interest  
 Rockport Area Interest  
Corpus Christi and Port Aransas Area Buyer Demographics
 Corpus Area Interest  
 Corpus Area Interest  
South Padre Island Area Buyer Demographics
 South Padre Island Area Interest  
 South Padre Island Area Interest  
McAllen Area Buyer Demographics
 McAllen Area Interest  
 McAllen Area Interest  
Demographics
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Texas Population
Texas Coast Buyer Centers
Projected Population 2005-2040
by Race/Ethnicity and Migration Scenario for
State of Texas

YEAR    TOTAL    ANGLO    BLACK    HISPANIC    OTHER

2000   20,851,820   11,074,716   2,421,653   6,669,666   685,785
2005   22,556,054   11,327,875   2,588,604   7,820,854   818,721
2010   24,330,612   11,533,974   2,754,744   9,080,436   961,458
2015   26,156,715   11,694,533   2,913,063   10,436,536   1,112,583
2020   28,005,788   11,796,493   3,052,401   11,882,998   1,273,896
2025   29,897,443   11,830,579   3,170,986   13,448,469   1,447,409
2030   31,830,589   11,789,298   3,268,616   15,140,100   1,632,575
2035   33,789,668   11,682,014   3,345,684   16,934,444   1,827,526
2040   35,761,201   11,525,112   3,403,169   18,804,298   2,028,622
Texas Coast Buyer Centers
Projected Population 2005-2040
by Race/Ethnicity and Migration Scenario for
State of Texas

YEAR    TOTAL    ANGLO    BLACK    HISPANIC    OTHER

2000   20,851,820   11,074,716   2,421,653   6,669,666   685,785
2005   22,556,054   11,327,875   2,588,604   7,820,854   818,721
2010   24,330,612   11,533,974   2,754,744   9,080,436   961,458
2015   26,156,715   11,694,533   2,913,063   10,436,536   1,112,583
2020   28,005,788   11,796,493   3,052,401   11,882,998   1,273,896
2025   29,897,443   11,830,579   3,170,986   13,448,469   1,447,409
2030   31,830,589   11,789,298   3,268,616   15,140,100   1,632,575
2035   33,789,668   11,682,014   3,345,684   16,934,444   1,827,526
2040   35,761,201   11,525,112   3,403,169   18,804,298   2,028,622
Texas Buyer Demographics
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