Lott, TX is a great place to invest in housing. The median value of homes in the area is around $205,900 which is significantly lower than the national median value of $338,100. Even though the median values are lower here than nationally, the one year house appreciation rate in Lott, TX is 17.68%, much higher than the national rate of 8.27%. This indicates that investing in housing in this area could be a wise decision as prices have increased rapidly over the last year.
The median home cost in Lott is $205,900. Home appreciation the last 10 years has been 119.4%. Home Appreciation in Lott is up 21.3%.
Average Age of Homes
- The median age of Lott real estate is 44 years old
The Rental Market in Lott
- Renters make up 39.7% of the Lott population
- 5.0% of houses and apartments in Lott, 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.