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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 15,840, 6,375 total housing units (homes and apartments), and a median house value of $267,773, Live Oak real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Live Oak, accounting for 75.22% of the city's housing units. Other types of housing that are prevalent in Live Oak include large apartment complexes or high rise apartments ( 19.81%), duplexes, homes converted to apartments or other small apartment buildings ( 4.17%).
The most prevalent building size and type in Live Oak are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.61% owning and 41.39% renting.
There is a lot of housing in Live Oak 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 Live Oak built between 2000 and later ( 41.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.10%).
In the last 10 years, Live Oak has experienced some of the highest home appreciation rates of any community in the nation. Live Oak real estate appreciated 132.30% over the last ten years, which is an average annual home appreciation rate of 8.79%, putting Live Oak in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Live Oak definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Live Oak that despite a nationwide downturn in the housing market, Live Oak real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Live Oak appreciation rates continue to be some of the highest in America, at 10.22%, which is higher than appreciation rates in 75.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Live Oak. Live Oak appreciation rates in the latest quarter were at 0.20%, which equates to an annual appreciation rate of 0.78%.
Relative to Texas, our data show that Live Oak's latest annual appreciation rate is lower than 50% of the other cities and towns in Texas.
$2,320 / per month