Lumberton, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Lumberton Neighborhoods Since 2000




Lumberton, NJ 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 12,428, 1,570 total housing units (homes and apartments), and a median house value of $276,810, 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 57.71% of the town's housing units. Other types of housing that are prevalent in Lumberton include row houses and other attached homes ( 24.81%), large apartment complexes or high rise apartments ( 14.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.03%).

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 71.67% of Lumberton's homes, and 68.27% 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 ( 23.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.52%). There's also some housing in Lumberton built before 1939 ( 2.79%).

Lumberton Home Appreciation Rates

Homes have actually lost value in Lumberton over the last then years, as home values have seen a decline of 19.34% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lumberton home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

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 3.01%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Lumberton's latest annual appreciation rate is higher than 50% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$276,810

Lumberton, NJ HOME PRICES

Value Range
> $1,043,000 0.1
$782,001 - $1,043,000 1.0
$521,001 - $782,000 13.6
$417,001 - $521,000 10.8
$313,001 - $417,000 20.7
$209,001 - $313,000 23.6
$104,001 - $209,000 27.1
$52,001 - $104,000 1.8
$0 - $52,000 1.2

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
18.7800304699402 70.3252032520325

Number Of Homes And Apartments:
1,570

Lumberton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
49.21% 2.35% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,498 / per month

Homeownership Rate

Homeownership
Owners 71.67
Renters 28.33
Vacant 5.44

Housing Market Details

 

Age of Homes

AGE OF Lumberton HOMES
2000 or Newer 23.5
1970 - 1999 54.2
1940 - 1969 19.5
1939 or Older 2.8

Types of Homes

TYPE OF Lumberton HOMES
Single-Family 57.7
Townhomes 24.8
Small Apt. Buildings 3.0
Apt. Complexes 14.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lumberton HOMES
No Bedroom 0.77
1 Bedroom 9.65
2 Bedrooms 15.18
3 Bedrooms 38.15
4 Bedrooms 30.12
5 or more bedrooms 6.13