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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 14,045, 5,313 total housing units (homes and apartments), and a median house value of $297,281, 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 79.93% of the city's housing units. Other types of housing that are prevalent in Lumberton include mobile homes or trailers ( 12.73%), large apartment complexes or high rise apartments ( 6.60%).
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 85.60% of Lumberton's homes, and 80.86% 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 ( 44.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.91%).
Lumberton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lumberton during the period has been just 5.02%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Lumberton's appreciation rate, at 6.03%, has been at or slightly above the national average. In the latest quarter, Lumberton's appreciation rate has been 8.51%, which annualizes to a rate of 38.61%.
Importantly, this makes Lumberton 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 Lumberton's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lumberton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lumberton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lumberton real estate investment or home purchase decisions.
$297,281
for Texas
for nation
5,313
$1,450 / per month