The housing market in Lumberton, NJ is flourishing. The median value of a home in Lumberton is $402,800, which is significantly higher than the US house median value of $338,100. The US 1 year house appreciation rate was 8.27%, but for homes in Lumberton it was 15.62%. This suggests that the housing market in Lumberton has been doing very well over the past year and continues to be a strong investment for potential homeowners.
The median home cost in Lumberton is $402,800. Home appreciation the last 10 years has been 69.6%. Home Appreciation in Lumberton is up 18.1%.
Average Age of Homes
- The median age of Lumberton real estate is 27 years old
The Rental Market in Lumberton
- Renters make up 27.8% of the Lumberton population
- 0.8% 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.