Lockhart, TX Real Estate Market

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 Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lockhart, TX Housing Market Trends

With 14,379 people, 4,275 houses or apartments, and a median cost of homes of $208,122, Lockhart 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 Lockhart, accounting for 75.12% 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 ( 9.83%), large apartment complexes or high rise apartments ( 8.77%), and a few mobile homes or trailers ( 4.85%).

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 53.37% owning and 46.63% 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 ( 27.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.07%). There's also some housing in Lockhart built before 1939 ( 10.41%).

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 115.62% over the last ten years, which is an average annual home appreciation rate of 7.99%, 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.

Appreciation rates are so strong in Lockhart that despite a nationwide downturn in the housing market, Lockhart real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lockhart appreciation rates continue to be some of the highest in America, at 26.39%, which is higher than appreciation rates in 98.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lockhart. Lockhart appreciation rates in the latest quarter were at 11.98%, which equates to an annual appreciation rate of 57.23%.

Importantly, this makes Lockhart one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Lockhart's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$208,122

Lockhart, TX HOME PRICES

> $1,529,000
0.0%
0.0%
$1,147,001 - $1,529,000
0.0%
0.0%
$764,001 - $1,147,000
0.3%
0.3%
$612,001 - $764,000
0.5%
0.5%
$459,001 - $612,000
5.8%
5.8%
$306,001 - $459,000
24.2%
24.2%
$153,001 - $306,000
44.3%
44.3%
$76,001 - $153,000
16.7%
16.7%
$0 - $76,000
8.1%
8.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for TX

Value Relative To Nation

Number Of Homes And Apartments:
4,275

Lockhart Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
158.80% 4.47%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,561 / per month

Homeownership Rate

Owners
53.4%
53.4%
Renters
46.6%
46.6%
Vacant
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.1%
21.1%
1970 - 1999
41.1%
41.1%
1940 - 1969
27.5%
27.5%
1939 or Older
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
75.1%
75.1%
Townhomes
1.4%
1.4%
Small Apt. Buildings
9.8%
9.8%
Apt. Complexes
8.8%
8.8%
Mobile Homes
4.8%
4.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.9%
3.9%
1 Bedroom
6.5%
6.5%
2 Bedrooms
25.7%
25.7%
3 Bedrooms
49.2%
49.2%
4 Bedrooms
13.1%
13.1%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Popular Communities Near Lockhart, TX

Zip Codes in Lockhart, TX