Luling, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Luling, TX Real Estate Data


Luling Housing Market Information

With a population of 5,764, 2,019 total housing units (homes and apartments), and a median house value of $131,641, house prices in Luling are solidly below the national average.

Single-family detached homes are the single most common housing type in Luling, accounting for 79.08% of the city's housing units. Other types of housing that are prevalent in Luling include duplexes, homes converted to apartments or other small apartment buildings ( 11.48%), mobile homes or trailers ( 5.32%), and a few large apartment complexes or high rise apartments ( 3.56%).

The most prevalent building size and type in Luling are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.15% owning and 39.85% 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. Luling's housing was primarily built during this period, from the '40s through the '60s. A full 44.61% of the city's housing hails from this era. Other housing ages represented in Luling include homes built between 1970-1999 ( 29.25%) and housing constructed before 1939 ( 16.10%). There's also some housing in Luling built between 2000 and later ( 10.04%).

Luling Home Appreciation Rates

In the last 10 years, Luling has experienced some of the highest home appreciation rates of any community in the nation. Luling real estate appreciated 65.47% over the last ten years, which is an average annual home appreciation rate of 5.17%, putting Luling in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Luling 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, Luling's appreciation rate, at 5.67%, has been at or slightly above the national average. In the latest quarter, Luling's appreciation rate has been 4.06%, which annualizes to a rate of 17.27%.

Importantly, this makes Luling 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 Luling's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$131,641

Luling, TX HOME PRICES

Value Range
> $1,490,000 0.0
$1,117,001 - $1,490,000 0.0
$746,001 - $1,117,000 0.0
$596,001 - $746,000 2.6
$447,001 - $596,000 0.0
$298,001 - $447,000 11.0
$149,001 - $298,000 28.9
$75,001 - $149,000 42.4
$0 - $75,000 15.1

Average for TX
Average for Nation

Value Relative to Nation Value Relative to State
59.9109913919307 43.3980582524272

Number Of Homes And Apartments:
2,019

Rent & Ownership

 

Average Market Rent:
$795 / per month

Homeownership Rate

Homeownership
Owners 60.15
Renters 39.85
Vacant 6.57

Housing Market Details

 

Age of Homes

AGE OF Luling HOMES
2000 or Newer 10.0
1970 - 1999 29.2
1940 - 1969 44.6
1939 or Older 16.1

Types of Homes

TYPE OF Luling HOMES
Single-Family 79.1
Townhomes 0.0
Small Apt. Buildings 11.5
Apt. Complexes 3.6
Mobile Homes 5.3
Other 0.6

Home Size

SIZE OF Luling HOMES
No Bedroom 2.73
1 Bedroom 7.64
2 Bedrooms 32.35
3 Bedrooms 46.04
4 Bedrooms 10.83
5 or more bedrooms 0.42

Luling 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
108.74% 4.42% 10 10
* 10 is highest

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Zip Codes in Luling, TX