Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 21,385, 2,442 total housing units (homes and apartments), and a median house value of $124,939, house prices in Amite are solidly below the national average.
Single-family detached homes are the single most common housing type in Amite, accounting for 63.63% of the town's housing units. Other types of housing that are prevalent in Amite include mobile homes or trailers ( 31.53%), duplexes, homes converted to apartments or other small apartment buildings ( 3.38%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Amite. Owner-occupied housing accounts for 77.59% of Amite's homes, and 65.96% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Amite built from 1970 to 1999 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 Amite built between 1940-1969 ( 22.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.24%). There's also some housing in Amite built before 1939 ( 4.95%).
Vacant housing appears to be an issue in Amite. Fully 21.67% of the housing stock is classified as vacant. Left unchecked, vacant Amite homes and apartments can be a drag on the real estate market, holding Amite 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.
Real estate appreciation rates in Amite's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.29% during the period.
Appreciation rates are so strong in Amite that despite a nationwide downturn in the housing market, Amite real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Amite appreciation rates continue to be some of the highest in America, at 6.80%, which is higher than appreciation rates in 88.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Amite. Amite appreciation rates in the latest quarter were at -0.45%, which equates to an annual appreciation rate of -1.80%.
Notably, Amite's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Amite's latest annual appreciation rate is higher than 90% of the other cities and towns in Louisiana.
|$830,001 - $1,106,000||0.9|
|$553,001 - $830,000||0.3|
|$443,001 - $553,000||3.0|
|$332,001 - $443,000||3.5|
|$221,001 - $332,000||11.4|
|$111,001 - $221,000||32.7|
|$55,001 - $111,000||19.6|
|$0 - $55,000||27.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Amite HOMES|
|2000 or Newer||21.2|
|1970 - 1999||51.5|
|1940 - 1969||22.3|
|1939 or Older||5.0|
|TYPE OF Amite HOMES|
|Small Apt. Buildings||3.4|
|SIZE OF Amite HOMES|
|5 or more bedrooms||2.86|