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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lampasas, TX Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lampasas, TX Housing Market Trends

With 7,694 people, 2,571 houses or apartments, and a median cost of homes of $291,707, Lampasas real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Lampasas, accounting for 75.24% of the city's housing units. Other types of housing that are prevalent in Lampasas include duplexes, homes converted to apartments or other small apartment buildings ( 13.27%), large apartment complexes or high rise apartments ( 10.54%).

The most prevalent building size and type in Lampasas are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.15% owning and 38.85% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lampasas's housing was primarily built during this period, from the '40s through the '60s. A full 44.99% of the city's housing hails from this era. Other housing ages represented in Lampasas include homes built between 1970-1999 ( 30.48%) and housing constructed between 2000 and later ( 15.09%). There's also some housing in Lampasas built before 1939 ( 9.43%).

Vacant housing appears to be an issue in Lampasas. Fully 16.36% of the housing stock is classified as vacant. Left unchecked, vacant Lampasas homes and apartments can be a drag on the real estate market, holding Lampasas 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.

Lampasas Home Appreciation Rates

In the last 10 years, Lampasas has experienced some of the highest home appreciation rates of any community in the nation. Lampasas real estate appreciated 149.10% over the last ten years, which is an average annual home appreciation rate of 9.56%, putting Lampasas in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lampasas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Lampasas that despite a nationwide downturn in the housing market, Lampasas real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lampasas appreciation rates continue to be some of the highest in America, at 10.72%, which is higher than appreciation rates in 90.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lampasas. Lampasas appreciation rates in the latest quarter were at -0.83%, which equates to an annual appreciation rate of -3.28%.

Notably, Lampasas's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Lampasas's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$291,707

Lampasas, TX Home Prices
> $1,573,000
$1,180,001 - $1,573,000
$786,001 - $1,180,000
$629,001 - $786,000
$472,001 - $629,000
$315,001 - $472,000
$157,001 - $315,000
$79,001 - $157,000
$0 - $79,000
0.1%
0.1%
0.4%
0.4%
1.9%
1.9%
3.4%
3.4%
8.5%
8.5%
26.6%
26.6%
32.4%
32.4%
17.5%
17.5%
9.3%
9.3%
0% 100.0%
% of Homes
High

for Texas

Average

for nation

Number of Homes And Apartments:

2,571

Lampasas Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,368 / per month

Homeownership Rate

Owners
Renters
61.1%
61.1%
38.9%
38.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.4%
16.4%
83.6%
83.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.1%
15.1%
30.5%
30.5%
45.0%
45.0%
9.4%
9.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.2%
75.2%
0.7%
0.7%
13.3%
13.3%
10.5%
10.5%
0.0%
0.0%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.0%
3.0%
9.5%
9.5%
21.9%
21.9%
44.4%
44.4%
19.3%
19.3%
1.9%
1.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Lampasas

Popular Communities Near Lampasas, TX

Zip Codes in Lampasas, TX