Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 82 people, 35 houses or apartments, and a median cost of homes of $142,262, house prices in Lumber Bridge are some of the most affordable in North Carolina as well as the nation.
Single-family detached homes are the single most common housing type in Lumber Bridge, accounting for 95.65% of the town's housing units. Other types of housing that are prevalent in Lumber Bridge include mobile homes or trailers ( 4.35%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lumber Bridge. Owner-occupied housing accounts for 68.57% of Lumber Bridge's homes, and 73.91% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lumber Bridge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lumber Bridge built between 1940-1969 ( 32.61%). A lesser amount of the housing stock also hails from before 1939 ( 26.09%). There's also some housing in Lumber Bridge built between 2000 and later ( 4.35%).
Vacant housing appears to be an issue in Lumber Bridge. Fully 23.91% of the housing stock is classified as vacant. Left unchecked, vacant Lumber Bridge homes and apartments can be a drag on the real estate market, holding Lumber Bridge real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Lumber Bridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 102.81%, which ranks in the top 40% nationwide. This equates to an annual average Lumber Bridge house appreciation rate of 7.33%.
Appreciation rates are so strong in Lumber Bridge that despite a nationwide downturn in the housing market, Lumber Bridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lumber Bridge appreciation rates continue to be some of the highest in America, at 12.19%, which is higher than appreciation rates in 73.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lumber Bridge. Lumber Bridge appreciation rates in the latest quarter were at 2.80%, which equates to an annual appreciation rate of 11.66%.
Relative to North Carolina, our data show that Lumber Bridge's latest annual appreciation rate is higher than 60% of the other cities and towns in North Carolina.
$142,262
for North carolina
for nation
35
$1,408 / per month