Lacombe appreciation rates and housing market information

Lacombe housing market information

With a population of 9,452, 4,030 total housing units (homes and apartments), and a median house value of $175,524, Lacombe real estate is some of the most expensive in Louisiana, although Lacombe home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Lacombe, accounting for 76.63% of the town's housing units. Other types of housing that are prevalent in Lacombe include mobile homes or trailers (20.77%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.19%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Lacombe. Owner-occupied housing accounts for 77.05% of Lacombe's homes, and 62.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lacombe 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 Lacombe built from 1940-1969 (23.62%). A lesser amount of the housing stock also hails from 1995 and later (15.33%), and some were built from 1939 and earlier (15.33%).

Vacant housing appears to be an issue in Lacombe. Fully 11.04% of the housing stock is classified as vacant. Left unchecked, vacant Lacombe homes and apartments can be a drag on the real estate market, holding Lacombe real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lacombe home appreciation rates

Real estate appreciation rates in Lacombe have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.34% during the period.

Over the last year, Lacombe appreciation rates have trailed the rest of the nation. In the last twelve months, Lacombe's appreciation rate has been -1.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lacombe were at -0.41%, which equates to an annual appreciation rate of -1.64%.

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

Relative to Louisiana, our data show that Lacombe's latest annual appreciation rate is higher than 15% of the other cities and towns in Louisiana.