Lumber City, GA is seeing a boom in housing prices. The median value of homes in Lumber City is currently $65,200, which is significantly lower than the US House Median Value of $338,100. However, what's even more impressive is that the one year house appreciation rate in Lumber City is much higher than the US average at 14.29%, compared to 8.27% nationally. This shows that investment in housing is a great option for those looking to buy property in Lumber City and points to a positive trend for this area.
The median home cost in Lumber City is $65,200. Home appreciation the last 10 years has been 89.3%. Home Appreciation in Lumber City is up 21.0%.
Average Age of Homes
- The median age of Lumber City real estate is 44 years old
The Rental Market in Lumber City
- Renters make up 29.7% of the Lumber City population
- 4.1% of houses and apartments in Lumber City, 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.