The housing market in Lumberton, NM is on the rise. The median value of houses in Lumberton is currently $245,900, which is significantly lower than the US median house value of $338,100. However, the year-on-year appreciation rate for houses in Lumberton is much higher than the national average at 15.22%, compared to 8.27%. This indicates that demand for housing in Lumberton is growing faster than other parts of the country and provides an opportunity for potential buyers to invest confidently in this area.
The median home cost in Lumberton is $245,900. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Lumberton is up 15.7%.
Average Age of Homes
- The median age of Lumberton real estate is 44 years old
The Rental Market in Lumberton
- Renters make up 29.7% of the Lumberton population
- 0.0% of houses and apartments in Lumberton, 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.