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 3,325 people, 894 houses or apartments, and a median cost of homes of $285,342, Lytle 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 Lytle, accounting for 68.64% of the city's housing units. Other types of housing that are prevalent in Lytle include mobile homes or trailers ( 26.05%), large apartment complexes or high rise apartments ( 3.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.50%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lytle. Owner-occupied housing accounts for 81.52% of Lytle's homes, and 85.27% have either three or four bedrooms, which is average sized relative to America.
Lytle homes and real estate are some of the newest in America. 35.07% of Lytle's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Lytle real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.07%), and between 1940-1969 ( 29.36%). There's also some housing in Lytle built before 1939 ( 2.51%).
Vacant housing appears to be an issue in Lytle. Fully 10.42% of the housing stock is classified as vacant. Left unchecked, vacant Lytle homes and apartments can be a drag on the real estate market, holding Lytle 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 Lytle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.33%, which ranks in the top 50% nationwide. This equates to an annual average Lytle house appreciation rate of 6.92%.
NeighborhoodScout's data show that during the latest twelve months, Lytle's appreciation rate, at 3.76%, has been at or slightly above the national average. In the latest quarter, Lytle's appreciation rate has been 0.59%, which annualizes to a rate of 2.38%.
Relative to Texas, our data show that Lytle's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
$285,342
for Texas
for nation
894
$1,371 / per month