Pearl River appreciation rates and housing market information

Pearl River housing market information

With a population of 1,823, 794 total housing units (homes and apartments), and a median house value of $131,036, house prices in Pearl River are solidly below the national average.

single-family detached homes are the single most common housing type in Pearl River, accounting for 61.71% of the town's housing units. Other types of housing that are prevalent in Pearl River include mobile homes or trailers (34.00%), duplexes, homes converted to apartments, or other small apartment buildings (2.14%), and a few row houses and other attached homes (1.13%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Pearl River. Owner-occupied housing accounts for 66.25% of Pearl River's homes, and 58.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pearl River 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 Pearl River built from 1940-1969 (26.32%). A lesser amount of the housing stock also hails from 1995 and later (14.48%), and some were built from 1939 and earlier (14.48%).

Vacant housing appears to be an issue in Pearl River. Fully 11.96% of the housing stock is classified as vacant. Left unchecked, vacant Pearl River homes and apartments can be a drag on the real estate market, holding Pearl River 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.

Pearl River home appreciation rates

Real estate appreciation rates in Pearl River have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.56% during the period.

Over the last year, Pearl River appreciation rates have trailed the rest of the nation. In the last twelve months, Pearl River's appreciation rate has been -1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pearl River were at -0.36%, which equates to an annual appreciation rate of -1.44%.

Relative to Louisiana, our data show that Pearl River's latest annual appreciation rate is higher than 17% of the other cities and towns in Louisiana.