The housing market in Lamar, TX is performing well above the US average. The median value of a home in Lamar is $317,000 and the US median value is $338,100, showing that homes in Lamar have a relative lower cost than those in the rest of the country. Furthermore, while the US house appreciation rate over the past year was 8.27%, Lamar saw an impressive 13.46% increase in house price appreciation over this same period. This reflects healthy demand for homes in Lamar and suggests that investing in real estate is a good option for those considering purchasing property in the city.
The median home cost in Lamar is $317,000. Home appreciation the last 10 years has been 83.2%. Home Appreciation in Lamar is up 14.1%.
Average Age of Homes
- The median age of Lamar real estate is 21 years old
The Rental Market in Lamar
- Renters make up 18.2% of the Lamar population
- 0.0% 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.