Lockhart, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lockhart Neighborhoods Since 2000




Lockhart, TX 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

Lockhart Housing Market Information

With a population of 13,446, 4,070 total housing units (homes and apartments), and a median house value of $137,607, 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 70.85% 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 ( 10.68%), large apartment complexes or high rise apartments ( 9.38%), and a few mobile homes or trailers ( 7.18%).

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 52.53% owning and 47.47% 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 ( 22.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.15%). There's also some housing in Lockhart built before 1939 ( 11.70%).

Lockhart Home Appreciation Rates

In the last 10 years, Lockhart has experienced some of the highest home appreciation rates of any community in the nation. Lockhart real estate appreciated 28.53% over the last ten years, which is an average annual home appreciation rate of 2.54%, putting Lockhart in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lockhart definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lockhart's appreciation rate, at 3.91%, has been at or slightly above the national average. In the latest quarter, Lockhart's appreciation rate has been 1.68%, which annualizes to a rate of 6.88%.

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

Average Home Values

 

Median Home Value:
$137,607

Lockhart, TX HOME PRICES

Value Range
> $1,237,000 0.0
$928,001 - $1,237,000 0.0
$618,001 - $928,000 0.0
$494,001 - $618,000 0.3
$371,001 - $494,000 3.4
$247,001 - $371,000 9.4
$123,001 - $247,000 47.1
$62,001 - $123,000 30.5
$0 - $62,000 9.3

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
55.9416383452479 39.2996108949416

Number Of Homes And Apartments:
4,070

Lockhart Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
57.62% 2.67% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,043 / per month

Homeownership Rate

Homeownership
Owners 52.53
Renters 47.47
Vacant 7.75

Housing Market Details

 

Age of Homes

AGE OF Lockhart HOMES
2000 or Newer 19.2
1970 - 1999 47.0
1940 - 1969 22.2
1939 or Older 11.7

Types of Homes

TYPE OF Lockhart HOMES
Single-Family 70.9
Townhomes 1.9
Small Apt. Buildings 10.7
Apt. Complexes 9.4
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Lockhart HOMES
No Bedroom 3.81
1 Bedroom 8.93
2 Bedrooms 26.88
3 Bedrooms 48.55
4 Bedrooms 10.86
5 or more bedrooms 0.97

Popular Communities Near Lockhart, TX

Zip Codes in Lockhart, TX