Housing in Lamar, CO is significantly more affordable than the national median house value. The median house value in Lamar is $147,000, compared to the US median of $338,100. In addition to being more affordable, the appreciation rate for houses in Lamar has been higher than the national average over the last year. The US 1 year house appreciation rate is 8.27%, while the 1 year appreciation rate for homes in Lamar is 13.45%. This higher appreciation rate means that those who own homes or are looking into purchasing a home in Lamar can benefit from strong returns over time.
The median home cost in Lamar is $147,000. Home appreciation the last 10 years has been 136.6%. Home Appreciation in Lamar is up 14.6%.
Average Age of Homes
- The median age of Lamar real estate is 57 years old
The Rental Market in Lamar
- Renters make up 32.5% of the Lamar population
- 3.1% of houses and apartments in Lamar, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.