Chalmette appreciation rates and housing market information

Chalmette housing market information

With 32,080 people, 12,890 houses or apartments, and a median cost of homes of $164,503, Chalmette real estate is some of the most expensive in Louisiana, although Chalmette home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Chalmette, accounting for 66.94% of the town's housing units. Other types of housing that are prevalent in Chalmette include duplexes, homes converted to apartments, or other small apartment buildings (15.12%), row houses and other attached homes (8.68%), large apartment complexes or high rise apartments (5.90%), and a few mobile homes or trailers (3.35%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Chalmette. Owner-occupied housing accounts for 65.64% of Chalmette's homes, and 59.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chalmette built from 1970-1994, 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 Chalmette built from 1940-1969 (45.61%). A lesser amount of the housing stock also hails from 1995 and later (6.15%), and some were built from 1939 and earlier (6.15%).

Chalmette home appreciation rates

Chalmette's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Chalmette during the period has been just 4.21%, which is lower than % of US communities.

Over the last year, Chalmette appreciation rates have trailed the rest of the nation. In the last twelve months, Chalmette's appreciation rate has been -3.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chalmette were at -0.94%, which equates to an annual appreciation rate of -3.76%.

Notably, Chalmette's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Chalmette's latest annual appreciation rate is higher than 4% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Chalmette differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chalmette - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Chalmette real estate investment or home purchase decisions.