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 14,049, 3,612 total housing units (homes and apartments), and a median house value of $275,671, Lamont real estate values are some of the lowest in California, although compared to real estate around the nation, Lamont homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Lamont, accounting for 73.87% of the town's housing units. Other types of housing that are prevalent in Lamont include large apartment complexes or high rise apartments ( 13.67%), duplexes, homes converted to apartments or other small apartment buildings ( 5.51%), and a few mobile homes or trailers ( 5.44%).
The most prevalent building size and type in Lamont are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 41.69% owning and 58.31% 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. Lamont's housing was primarily built during this period, from the '40s through the '60s. A full 42.42% of the town's housing hails from this era. Other housing ages represented in Lamont include homes built between 1970-1999 ( 41.45%) and housing constructed between 2000 and later ( 12.31%). There's also some housing in Lamont built before 1939 ( 3.82%).
Appreciation rates for homes in Lamont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.99%, which ranks in the top 30% nationwide. This equates to an annual average Lamont house appreciation rate of 7.70%.
Appreciation rates are so strong in Lamont that despite a nationwide downturn in the housing market, Lamont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lamont appreciation rates continue to be some of the highest in America, at 9.51%, which is higher than appreciation rates in 84.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lamont. Lamont appreciation rates in the latest quarter were at -0.94%, which equates to an annual appreciation rate of -3.71%.
Notably, Lamont's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Lamont's latest annual appreciation rate is higher than 80% of the other cities and towns in California.
$275,671
for California
for nation
3,612
$1,453 / per month