Lampasas, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lampasas, TX Real Estate Data


Lampasas Housing Market Information

With 7,687 people, 2,646 houses or apartments, and a median cost of homes of $99,124, house prices in Lampasas are solidly below the national average.

Single-family detached homes are the single most common housing type in Lampasas, accounting for 81.25% of the city's housing units. Other types of housing that are prevalent in Lampasas include duplexes, homes converted to apartments or other small apartment buildings ( 8.07%), large apartment complexes or high rise apartments ( 6.04%), and a few mobile homes or trailers ( 3.53%).

The most prevalent building size and type in Lampasas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.60% owning and 42.40% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lampasas's housing was primarily built during this period, from the '40s through the '60s. A full 43.74% of the city's housing hails from this era. Other housing ages represented in Lampasas include homes built between 1970-1999 ( 36.42%) and housing constructed before 1939 ( 10.11%). There's also some housing in Lampasas built between 2000 and later ( 9.73%).

Vacant housing appears to be an issue in Lampasas. Fully 10.27% of the housing stock is classified as vacant. Left unchecked, vacant Lampasas homes and apartments can be a drag on the real estate market, holding Lampasas 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.

Lampasas Home Appreciation Rates

Appreciation rates for homes in Lampasas have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.13%, which ranks in the top 30% nationwide. This equates to an annual average Lampasas house appreciation rate of 1.33%.

Appreciation rates are so strong in Lampasas that despite a nationwide downturn in the housing market, Lampasas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lampasas appreciation rates continue to be some of the highest in America, at 8.19%, which is higher than appreciation rates in 92.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lampasas. Lampasas appreciation rates in the latest quarter were at -0.37%, which equates to an annual appreciation rate of -1.46%.

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

Relative to Texas, our data show that Lampasas's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$99,124

Lampasas, TX HOME PRICES

Value Range
> $1,102,000 0.8
$827,001 - $1,102,000 0.7
$552,001 - $827,000 1.0
$441,001 - $552,000 0.3
$331,001 - $441,000 1.4
$220,001 - $331,000 5.4
$110,001 - $220,000 31.0
$55,001 - $110,000 38.3
$0 - $55,000 21.2

Low for TX
Low for Nation

Value Relative to Nation Value Relative to State
79.2879311354453 67.2815533980583

Number Of Homes And Apartments:
2,646

Rent & Ownership

 

Average Market Rent:
$887 / per month

Homeownership Rate

Homeownership
Owners 57.60
Renters 42.40
Vacant 10.27

Housing Market Details

 

Age of Homes

AGE OF Lampasas HOMES
2000 or Newer 9.7
1970 - 1999 36.4
1940 - 1969 43.7
1939 or Older 10.1

Types of Homes

TYPE OF Lampasas HOMES
Single-Family 81.2
Townhomes 1.1
Small Apt. Buildings 8.1
Apt. Complexes 6.0
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Lampasas HOMES
No Bedroom 1.09
1 Bedroom 8.14
2 Bedrooms 36.79
3 Bedrooms 43.20
4 Bedrooms 8.41
5 or more bedrooms 2.37

Lampasas Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
47.15% 2.30% 2 6
* 10 is highest

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