Mandeville appreciation rates and housing market information

Mandeville housing market information

With a population of 10,711, 4,707 total housing units (homes and apartments), and a median house value of $294,428, Mandeville real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Mandeville, accounting for 59.55% of the city's housing units. Other types of housing that are prevalent in Mandeville include large apartment complexes or high rise apartments (21.18%), duplexes, homes converted to apartments, or other small apartment buildings (13.24%), and a few row houses and other attached homes (6.03%).

The most prevalent building size and type in Mandeville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 54.41% owning, and 35.97% renting.

There is a lot of housing in Mandeville 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 Mandeville built from 1995 and later (18.99%). A lesser amount of the housing stock also hails from 1940-1969 (13.13%), and some were built from 1939 and earlier (13.13%).

Mandeville home appreciation rates

Real estate appreciation rates in Mandeville have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.73% during the period.

Over the last year, Mandeville appreciation rates have trailed the rest of the nation. In the last twelve months, Mandeville's appreciation rate has been -1.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mandeville were at -0.31%, which equates to an annual appreciation rate of -1.24%.

Relative to Louisiana, our data show that Mandeville's latest annual appreciation rate is higher than 20% of the other cities and towns in Louisiana.