Houston’s Lindale Park Home Prices Have Appreciated.
A wonderful Northside neighborhood of 1940’s cottages, plus a few bungalows and ranch styles. See Visit Lindale Park.
Although still called Houston’s Hidden Jewel because most Houstonians have never heard of it, Lindale Park house prices have been steadily increasing. Appreciation hasn’t been as much as the home prices of nearby Houston Heights or Garden Oaks. It is just a little more out of the way. Lindale park is located just inside the 610 Loop, straddling Irvington.
See the post on the light rail coming to this area though. I believe homes prices here are about to rapidly appreciate. This might be a good time to consider buying a house in Lindale Park.
In analyzing Lindale Park home prices or homes in other mid-century neighborhoods, I lump them generally into 3 categories based on condition:
- Original condition – These have been marginally maintained. They are the perfect “Re-do”, or a tear-down if in an area with a lot of new construction. The bootom end of this category will be close to lot value.
- Well maintained – Grandma lives here. Nicely cared for, recent paint, maybe some updated fixtures. A nice house, just dated.
- Renovated – Totally redone kitchens and baths. Maybe granite and stainless steel, refinished floors. A younger couple bought Grandma’s house and brought it up to date.
|Lindale Park Approximate Price Range of Homes|
|2-3 BR/1Bath||3BR/2 Bath|
|Avg SF||1250 SF||1850 SF|
|Avg Lot Size||7000 SF||7000|
|Price –Tear Down||$115,000 – 125,000||$115,000 – $135,000|
|Price –Well Maintained||$135,000 – 150,000||$150,000 – $175,000|
|Price – Totally Updated||$160,000 – $199,000||$195,000 – $290,000|
These prices are approximate of course. Location, location, location, still rules, even within a subdivision. A house near a commercial street, or surrounde by junky homes is worth less. Often the garage has been converted to a den or extra bedroom. This can be positive or negative depending on floor plan and quality of work. So, use this as a rough guide when starting your house buying, or house selling process.
Something else that impacts home pricing is months of inventory on the market.
This area currently has about 20 homes available for sale. They are selling at about 2/month. This gives an inventory of 10 months. Roughly 6-7 months inventory is considered neutral. Greater than this is a buyer’s market. This puts pricing pressure on those wanting to sell quickly. Because there aren’t a huge number of homes for sale in Lindale Park, this number tends to jump around more and is not as acuurate.
Check back again,
I will update Lindale Park home prices