Lytle, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lytle, 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

Lytle Housing Market Information

With a population of 2,869, 947 total housing units (homes and apartments), and a median house value of $135,478, house prices in Lytle are solidly below the national average.

Single-family detached homes are the single most common housing type in Lytle, accounting for 76.59% of the city's housing units. Other types of housing that are prevalent in Lytle include mobile homes or trailers ( 17.53%), duplexes, homes converted to apartments or other small apartment buildings ( 4.60%), and a few large apartment complexes or high rise apartments ( 1.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lytle. Owner-occupied housing accounts for 76.33% of Lytle's homes, and 70.03% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lytle 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 Lytle built between 1940-1969 ( 23.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.19%). There's also some housing in Lytle built before 1939 ( 9.70%).

Lytle Home Appreciation Rates

In the last 10 years, Lytle has experienced some of the highest home appreciation rates of any community in the nation. Lytle real estate appreciated 38.43% over the last ten years, which is an average annual home appreciation rate of 3.31%, putting Lytle in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lytle 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 Lytle that despite a nationwide downturn in the housing market, Lytle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lytle appreciation rates continue to be some of the highest in America, at 5.92%, which is higher than appreciation rates in 73.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lytle. Lytle appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.83%.

Relative to Texas, our data show that Lytle's latest annual appreciation rate is higher than 50% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$135,478

Lytle, TX HOME PRICES

Value Range
> $1,215,000 0.6
$910,001 - $1,215,000 0.6
$607,001 - $910,000 0.3
$486,001 - $607,000 0.1
$364,001 - $486,000 0.7
$243,001 - $364,000 11.4
$121,001 - $243,000 42.3
$61,001 - $121,000 20.6
$0 - $61,000 23.4

High for TX
Average for Nation

Value Relative to Nation Value Relative to State
56.9787882339154 39.8832684824903

Number Of Homes And Apartments:
947

Lytle 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
96.27% 3.99% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$876 / per month

Homeownership Rate

Homeownership
Owners 76.33
Renters 23.67
Vacant 7.25

Housing Market Details

 

Age of Homes

AGE OF Lytle HOMES
2000 or Newer 10.2
1970 - 1999 56.7
1940 - 1969 23.4
1939 or Older 9.7

Types of Homes

TYPE OF Lytle HOMES
Single-Family 76.6
Townhomes 0.0
Small Apt. Buildings 4.6
Apt. Complexes 1.3
Mobile Homes 17.5
Other 0.0

Home Size

SIZE OF Lytle HOMES
No Bedroom 1.08
1 Bedroom 3.23
2 Bedrooms 24.78
3 Bedrooms 54.36
4 Bedrooms 15.67
5 or more bedrooms 0.88

Popular Neighborhoods in Lytle

Zip Codes in Lytle, TX