Lumberton, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lumberton Neighborhoods Since 2000




Lumberton, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lumberton Housing Market Information

With a population of 21,667, 7,405 total housing units (homes and apartments), and a median house value of $98,250, house prices in Lumberton are solidly below the national average.

Single-family detached homes are the single most common housing type in Lumberton, accounting for 63.98% of the city's housing units. Other types of housing that are prevalent in Lumberton include duplexes, homes converted to apartments or other small apartment buildings ( 15.07%), mobile homes or trailers ( 9.56%), and a few large apartment complexes or high rise apartments ( 9.38%).

The most prevalent building size and type in Lumberton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.97% owning and 56.03% renting.

There is a lot of housing in Lumberton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lumberton built between 1940-1969 ( 39.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.64%). There's also some housing in Lumberton built before 1939 ( 4.63%).

Vacant housing appears to be an issue in Lumberton. Fully 14.57% of the housing stock is classified as vacant. Left unchecked, vacant Lumberton homes and apartments can be a drag on the real estate market, holding Lumberton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lumberton Home Appreciation Rates

Real estate appreciation rates in Lumberton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.

Over the last year, Lumberton appreciation rates have trailed the rest of the nation. In the last twelve months, Lumberton's appreciation rate has been -5.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lumberton were at -0.54%, which equates to an annual appreciation rate of -2.13%.

Notably, Lumberton's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Carolina, our data show that Lumberton's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lumberton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lumberton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lumberton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$98,250

Lumberton, NC HOME PRICES

Value Range
> $979,000 0.4
$734,001 - $979,000 0.1
$489,001 - $734,000 0.5
$391,001 - $489,000 0.9
$293,001 - $391,000 2.2
$196,001 - $293,000 6.5
$98,001 - $196,000 26.5
$49,001 - $98,000 35.2
$0 - $49,000 27.7

Very Low for NC
Low for Nation

Value Relative to Nation Value Relative to State
78.7120590648072 80.3992740471869

Number Of Homes And Apartments:
7,405

Lumberton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
22.23% 1.17% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$823 / per month

Homeownership Rate

Homeownership
Owners 43.97
Renters 56.03
Vacant 14.57

Housing Market Details

 

Age of Homes

AGE OF Lumberton HOMES
2000 or Newer 8.6
1970 - 1999 47.1
1940 - 1969 39.7
1939 or Older 4.6

Types of Homes

TYPE OF Lumberton HOMES
Single-Family 64.0
Townhomes 2.0
Small Apt. Buildings 15.1
Apt. Complexes 9.4
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Lumberton HOMES
No Bedroom 1.04
1 Bedroom 8.33
2 Bedrooms 31.53
3 Bedrooms 46.07
4 Bedrooms 11.16
5 or more bedrooms 1.88