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 a population of 5,651, 2,309 total housing units (homes and apartments), and a median house value of $325,024, Lyndon 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 Lyndon, accounting for 73.53% of the town's housing units. Other types of housing that are prevalent in Lyndon include mobile homes or trailers ( 13.95%), duplexes, homes converted to apartments or other small apartment buildings ( 7.34%), and a few large apartment complexes or high rise apartments ( 5.06%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lyndon. Owner-occupied housing accounts for 77.66% of Lyndon's homes, and 57.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Lyndon 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 Lyndon built before 1939 ( 20.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.23%). There's also some housing in Lyndon built between 1940-1969 ( 15.38%).
In the last 10 years, Lyndon has experienced some of the highest home appreciation rates of any community in the nation. Lyndon real estate appreciated 119.47% over the last ten years, which is an average annual home appreciation rate of 8.18%, putting Lyndon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lyndon 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 Lyndon that despite a nationwide downturn in the housing market, Lyndon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lyndon appreciation rates continue to be some of the highest in America, at 10.42%, which is higher than appreciation rates in 95.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lyndon. Lyndon appreciation rates in the latest quarter were at 4.19%, which equates to an annual appreciation rate of 17.83%.
Importantly, this makes Lyndon one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Vermont, our data show that Lyndon's latest annual appreciation rate is higher than 80% of the other cities and towns in Vermont.
$325,024
for Vermont
for nation
2,309
$1,751 / per month