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 14,985 people, 4,707 houses or apartments, and a median cost of homes of $225,573, house prices in Lockhart are solidly below the national average.
Single-family detached homes are the single most common housing type in Lockhart, accounting for 70.02% of the city's housing units. Other types of housing that are prevalent in Lockhart include duplexes, homes converted to apartments or other small apartment buildings ( 11.75%), large apartment complexes or high rise apartments ( 10.42%), and a few mobile homes or trailers ( 5.81%).
The most prevalent building size and type in Lockhart are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.57% owning and 45.43% renting.
There is a lot of housing in Lockhart 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 Lockhart built between 1940-1969 ( 27.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.79%). There's also some housing in Lockhart built before 1939 ( 6.48%).
Vacant housing appears to be an issue in Lockhart. Fully 10.36% of the housing stock is classified as vacant. Left unchecked, vacant Lockhart homes and apartments can be a drag on the real estate market, holding Lockhart 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.
Appreciation rates for homes in Lockhart have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.20%, which ranks in the top 30% nationwide. This equates to an annual average Lockhart house appreciation rate of 7.35%.
Over the last year, Lockhart appreciation rates have trailed the rest of the nation. In the last twelve months, Lockhart's appreciation rate has been -8.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lockhart were at -2.44%, which equates to an annual appreciation rate of -9.41%.
Notably, Lockhart's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Texas, our data show that Lockhart's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
$225,573
for Texas
for nation
4,707
$1,470 / per month