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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.



Lumber Bridge, NC 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

Lumber Bridge, NC Housing Market Trends

With 82 people, 35 houses or apartments, and a median cost of homes of $144,538, 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.

Lumber Bridge Home Appreciation Rates

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 107.45%, which ranks in the top 30% nationwide. This equates to an annual average Lumber Bridge house appreciation rate of 7.57%.

NeighborhoodScout's data show that during the latest twelve months, Lumber Bridge's appreciation rate, at 7.43%, has been at or slightly above the national average. In the latest quarter, Lumber Bridge's appreciation rate has been 1.46%, which annualizes to a rate of 5.95%.

Relative to North Carolina, our data show that Lumber Bridge's latest annual appreciation rate is higher than 50% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$144,538

Lumber Bridge, NC Home Prices
> $1,317,000
$988,001 - $1,317,000
$658,001 - $988,000
$527,001 - $658,000
$395,001 - $527,000
$264,001 - $395,000
$132,001 - $264,000
$65,001 - $132,000
$0 - $65,000
0.0%
0.0%
3.9%
3.9%
0.0%
0.0%
1.1%
1.1%
4.7%
4.7%
8.7%
8.7%
19.5%
19.5%
29.5%
29.5%
32.5%
32.5%
0% 100.0%
% of Homes
Very Low

for North carolina

Very Low

for nation

Number of Homes And Apartments:

35

Lumber Bridge Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,447 / per month

Homeownership Rate

Owners
Renters
68.6%
68.6%
31.4%
31.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
23.9%
23.9%
76.1%
76.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.3%
4.3%
37.0%
37.0%
32.6%
32.6%
26.1%
26.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
95.7%
95.7%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
4.3%
4.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
8.7%
8.7%
43.5%
43.5%
30.4%
30.4%
17.4%
17.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Lumber Bridge

Zip Codes in Lumber Bridge, NC