Lumberton, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lumberton, TX Real Estate Data


Lumberton Housing Market Information

With a population of 12,421, 4,576 total housing units (homes and apartments), and a median house value of $151,512, Lumberton 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 Lumberton, accounting for 65.31% of the city's housing units. Other types of housing that are prevalent in Lumberton include mobile homes or trailers ( 19.19%), large apartment complexes or high rise apartments ( 12.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lumberton. Owner-occupied housing accounts for 71.29% of Lumberton's homes, and 73.69% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lumberton 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 Lumberton built between 2000 and later ( 30.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.96%).

Lumberton Home Appreciation Rates

In the last 10 years, Lumberton has experienced some of the highest home appreciation rates of any community in the nation. Lumberton real estate appreciated 21.42% over the last ten years, which is an average annual home appreciation rate of 1.96%, putting Lumberton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lumberton 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 Lumberton that despite a nationwide downturn in the housing market, Lumberton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lumberton appreciation rates continue to be some of the highest in America, at 6.34%, which is higher than appreciation rates in 78.34% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lumberton. Lumberton appreciation rates in the latest quarter were at 1.34%, which equates to an annual appreciation rate of 5.46%.

Relative to Texas, our data show that Lumberton's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$151,512

Lumberton, TX HOME PRICES

Value Range
> $1,138,000 0.1
$854,001 - $1,138,000 0.0
$569,001 - $854,000 0.1
$455,001 - $569,000 0.8
$342,001 - $455,000 3.4
$228,001 - $342,000 16.8
$114,001 - $228,000 42.4
$57,001 - $114,000 15.8
$0 - $57,000 20.4

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
50.1024770158693 33.0097087378641

Number Of Homes And Apartments:
4,576

Rent & Ownership

 

Average Market Rent:
$1,036 / per month

Homeownership Rate

Homeownership
Owners 71.29
Renters 28.71
Vacant 7.39

Housing Market Details

 

Age of Homes

AGE OF Lumberton HOMES
2000 or Newer 30.1
1970 - 1999 55.4
1940 - 1969 14.0
1939 or Older 0.5

Types of Homes

TYPE OF Lumberton HOMES
Single-Family 65.3
Townhomes 0.9
Small Apt. Buildings 1.8
Apt. Complexes 12.9
Mobile Homes 19.2
Other 0.0

Home Size

SIZE OF Lumberton HOMES
No Bedroom 0.00
1 Bedroom 3.16
2 Bedrooms 21.86
3 Bedrooms 55.94
4 Bedrooms 17.75
5 or more bedrooms 1.30

Lumberton 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
51.33% 2.47% 2 6
* 10 is highest

Popular Neighborhoods in Lumberton

Popular Communities Near Lumberton, TX

Zip Codes in Lumberton, TX