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Lake Valley (Tract 003304)

Cumberland, North Carolina

FIPS 37051003304

Juniper

Lake Valley (Tract 003304) is in the 92th percentile nationally for home price growth over five years. It also sits in the highest 8% nationally for home price growth over the past year. And it sits in the lowest 16% nationally for home price against income.

Typical Home Valuemedian home value (ACS), re-priced to today on the FHFA index

$236,647

Lower than 73% of U.S. tracts
Home Price Growth, Past Five Years

75%

Higher than 92% of U.S. tracts
FEMA Risk Score0–100; 0 = lowest modelled risk, 100 = highest, vs places of the same type

48.8

Near the U.S. tracts median

The basics

Total Population

8,082

Median Age

30.9

Population Density

4,061.83

Home values & property tax

Median Property Tax

$1,743

Property Tax Rateyearly tax as a share of home value

1.1%

Cost of living & affordability

Home Price vs Incomeyears of income to buy a typical home

2.52×

Lower than 84% of U.S. tracts
Median Income

$64,571

Lower than 66% of U.S. tracts
Median Rent

$1,376

Near the U.S. tracts median

Home prices & appreciation

Home Price Growth, Past Year

14%

Higher than 92% of U.S. tracts
Pandemic Price Run-Up2019–20 low → 2022–23 peak

97%

2008 Crash: Peak-to-Trough Drophow far prices fell, 2007 → 2011

2.1%

Climate & weather

Summer Avg High (°F)

89

Winter Avg Low (°F)

33.2

Avg Temperature (°F)

61.9

Hot Days/yr (>90°F)

53.2

Freezing Days/yr (<32°F)

63.1

Annual Precipitation (in)

47.1

Annual Snowfall (in)

1.1

Flood & disaster risk

Coastal Flood Loss per $1,000

$0

The full report

Six pillars — each with percentile benchmarks, 16-year trends, and per-metric detail.

  • People

  • Work & Money

  • Housing

  • Amenities

  • Climate

  • Environment & Risk

Lake Valley (Tract 003304): frequently asked questions

What is the typical home value in Lake Valley (Tract 003304)?
The estimated median home value in Lake Valley (Tract 003304) today is $236,647, lower than 73% of U.S. tracts.
How much is property tax in Lake Valley (Tract 003304)?
The median annual property tax in Lake Valley (Tract 003304) is $1,743, an effective rate of 1.1% of home value.
Is Lake Valley (Tract 003304) expensive to live in?
Homes in Lake Valley (Tract 003304) cost about 2.52× the median household income, lower than 84% of U.S. tracts.
What is the average rent in Lake Valley (Tract 003304)?
The median gross rent in Lake Valley (Tract 003304) is $1,376 a month, near the U.S. tracts median.
How much have home prices grown in Lake Valley (Tract 003304)?
Home prices in Lake Valley (Tract 003304) have moved 75% over the past five years (14% in the past year), per the FHFA House Price Index.
How many people live in Lake Valley (Tract 003304)?
Lake Valley (Tract 003304) has a population of 8,082, about 4,061.83 people per square mile, per the U.S. Census American Community Survey. The median age is 30.9.
What is the weather like in Lake Valley (Tract 003304)?
Lake Valley (Tract 003304) averages 61.9°F year-round, summer highs near 89°F, winter lows around 33.2°F (NOAA 1991–2020 normals). It sees about 1.1 inches of snow a year.
Is Lake Valley (Tract 003304) at risk of flooding or natural disasters?
Lake Valley (Tract 003304)'s FEMA National Risk Index score is 48.8 (near the U.S. tracts median). Its greatest modeled natural hazard is inland flooding. Modeled coastal-flood loss is negligible.

Sources: U.S. Census ACS, FEMA National Risk Index, FHFA House Price Index, OpenStreetMap contributors (ODbL), EPA. Explore the map →

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