Lumberton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lumberton, NJ Real Estate Data


Lumberton Housing Market Information

With 12,428 people, 1,582 houses or apartments, and a median cost of homes of $317,881, Lumberton real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lumberton, accounting for 55.25% of the town's housing units. Other types of housing that are prevalent in Lumberton include row houses and other attached homes ( 25.99%), large apartment complexes or high rise apartments ( 14.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.92%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lumberton. Owner-occupied housing accounts for 70.75% of Lumberton's homes, and 69.34% have either three or four bedrooms, which is average sized relative to America.

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 2000 and later ( 21.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.15%). There's also some housing in Lumberton built before 1939 ( 5.04%).

Lumberton Home Appreciation Rates

Homes have actually lost value in Lumberton over the last then years, as home values have seen a decline of 18.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lumberton home appreciation rates at 1.89%, which equates to an annual appreciation rate of 7.76%.

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 3.16%, 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 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Lumberton's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$317,881

Lumberton, NJ HOME PRICES

Value Range
> $1,036,000 0.0
$777,001 - $1,036,000 0.5
$518,001 - $777,000 11.8
$415,001 - $518,000 12.7
$311,001 - $415,000 20.0
$208,001 - $311,000 29.1
$104,001 - $208,000 23.8
$52,001 - $104,000 1.1
$0 - $52,000 1.0

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
15.1870937518299 61.1788617886179

Number Of Homes And Apartments:
1,582

Rent & Ownership

 

Average Market Rent:
$1,362 / per month

Homeownership Rate

Homeownership
Owners 70.75
Renters 29.25
Vacant 4.30

Housing Market Details

 

Age of Homes

AGE OF Lumberton HOMES
2000 or Newer 21.5
1970 - 1999 53.4
1940 - 1969 20.2
1939 or Older 5.0

Types of Homes

TYPE OF Lumberton HOMES
Single-Family 55.3
Townhomes 26.0
Small Apt. Buildings 3.9
Apt. Complexes 14.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lumberton HOMES
No Bedroom 0.70
1 Bedroom 10.64
2 Bedrooms 14.37
3 Bedrooms 39.54
4 Bedrooms 29.80
5 or more bedrooms 4.95

Lumberton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.16% 2.46% 4 6
* 10 is highest