Amite, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Amite Neighborhoods Since 2000




Amite, LA Real Estate Data


Amite Housing Market Information

With 20,950 people, 2,410 houses or apartments, and a median cost of homes of $87,177, 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 53.73% of the town's housing units. Other types of housing that are prevalent in Amite include mobile homes or trailers ( 41.74%), duplexes, homes converted to apartments or other small apartment buildings ( 3.30%).

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 78.93% of Amite's homes, and 66.54% 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 2000 and later ( 25.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.66%). There's also some housing in Amite built before 1939 ( 5.48%).

Vacant housing appears to be an issue in Amite. Fully 16.59% 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.

Amite Home Appreciation Rates

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 -0.31% during the period.

Over the last year, Amite appreciation rates have trailed the rest of the nation. In the last twelve months, Amite's appreciation rate has been 3.91%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Amite were at 2.16%, which equates to an annual appreciation rate of 8.94%.

Relative to Louisiana, our data show that Amite's latest annual appreciation rate is lower than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$87,177

Amite, LA HOME PRICES

Value Range
> $1,046,000 0.0
$785,001 - $1,046,000 0.0
$523,001 - $785,000 0.6
$418,001 - $523,000 0.8
$314,001 - $418,000 4.6
$209,001 - $314,000 9.6
$105,001 - $209,000 28.3
$52,001 - $105,000 24.9
$0 - $52,000 31.3

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.0469051941208 75.0

Number Of Homes And Apartments:
2,410

Rent & Ownership

 

Average Market Rent:
$605 / per month

Homeownership Rate

Homeownership
Owners 78.93
Renters 21.07
Vacant 16.59

Housing Market Details

 

Age of Homes

AGE OF Amite HOMES
2000 or Newer 25.4
1970 - 1999 47.5
1940 - 1969 21.7
1939 or Older 5.5

Types of Homes

TYPE OF Amite HOMES
Single-Family 53.7
Townhomes 0.1
Small Apt. Buildings 3.3
Apt. Complexes 0.9
Mobile Homes 41.7
Other 0.2

Home Size

SIZE OF Amite HOMES
No Bedroom 1.54
1 Bedroom 3.24
2 Bedrooms 26.01
3 Bedrooms 54.81
4 Bedrooms 11.73
5 or more bedrooms 2.67

Amite Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
31.73% 1.63% 1 3
* 10 is highest