Luling appreciation rates and housing market information

Luling housing market information

With 11,574 people, 4,116 houses or apartments, and a median cost of homes of $232,347, Luling real estate is some of the most expensive in Louisiana, although Luling home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Luling, accounting for 85.52% of the town's housing units. Other types of housing that are prevalent in Luling include duplexes, homes converted to apartments, or other small apartment buildings (5.90%), mobile homes or trailers (4.23%), large apartment complexes or high rise apartments (3.77%), and a few row houses and other attached homes (0.58%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Luling. Owner-occupied housing accounts for 80.37% of Luling's homes, and 76.94% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Luling 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 Luling built from 1940-1969 (30.73%). A lesser amount of the housing stock also hails from 1995 and later (9.23%), and some were built from 1939 and earlier (9.23%).

Luling home appreciation rates

In the last 10 years, Luling has experienced some of the highest home appreciation rates of any community in the nation. Luling real estate appreciated 137.12% over the last ten years, which is an average annual home appreciation rate of 13.71%, putting Luling in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Luling definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Luling that despite a nationwide downturn in the housing market, Luling real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Luling appreciation rates continue to be some of the highest in America, at 5.82%, which is higher than appreciation rates in 93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Luling. Luling appreciation rates in the latest quarter were at 1.42%, which equates to an annual appreciation rate of 5.68%.

Relative to Louisiana, our data show that Luling's latest annual appreciation rate is higher than 96% of the other cities and towns in Louisiana.