Arabi, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Arabi Neighborhoods Since 2000




Arabi, LA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Arabi Housing Market Information

With 4,497 people, 1,678 houses or apartments, and a median cost of homes of $142,097, Arabi real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Arabi, accounting for 75.36% of the town's housing units. Other types of housing that are prevalent in Arabi include duplexes, homes converted to apartments or other small apartment buildings ( 12.30%), row houses and other attached homes ( 5.46%), and a few large apartment complexes or high rise apartments ( 5.05%).

The most prevalent building size and type in Arabi are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.38% owning and 36.62% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Arabi's housing was primarily built during this period, from the '40s through the '60s. A full 49.34% of the town's housing hails from this era. Other housing ages represented in Arabi include homes built between 2000 and later ( 24.95%) and housing constructed between 1970-1999 ( 16.48%). There's also some housing in Arabi built before 1939 ( 9.23%).

Vacant housing appears to be an issue in Arabi. Fully 14.39% of the housing stock is classified as vacant. Left unchecked, vacant Arabi homes and apartments can be a drag on the real estate market, holding Arabi 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.

Arabi Home Appreciation Rates

Appreciation rates for homes in Arabi have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.67%, which ranks in the top 40% nationwide. This equates to an annual average Arabi house appreciation rate of 0.65%.

Over the last year, Arabi appreciation rates have trailed the rest of the nation. In the last twelve months, Arabi's appreciation rate has been -2.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arabi were at -1.40%, which equates to an annual appreciation rate of -5.49%.

Notably, Arabi's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Arabi's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$142,097

Arabi, LA HOME PRICES

Value Range
> $1,119,000 0.5
$839,001 - $1,119,000 0.0
$559,001 - $839,000 0.0
$448,001 - $559,000 0.0
$336,001 - $448,000 3.8
$224,001 - $336,000 8.6
$112,001 - $224,000 66.1
$56,001 - $112,000 16.6
$0 - $56,000 4.5

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
53.7618656978788 24.390243902439

Number Of Homes And Apartments:
1,678

Arabi Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
35.87% 1.79% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,080 / per month

Homeownership Rate

Homeownership
Owners 63.38
Renters 36.62
Vacant 14.39

Housing Market Details

 

Age of Homes

AGE OF Arabi HOMES
2000 or Newer 24.9
1970 - 1999 16.5
1940 - 1969 49.3
1939 or Older 9.2

Types of Homes

TYPE OF Arabi HOMES
Single-Family 75.4
Townhomes 5.5
Small Apt. Buildings 12.3
Apt. Complexes 5.1
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Arabi HOMES
No Bedroom 0.00
1 Bedroom 4.69
2 Bedrooms 32.76
3 Bedrooms 51.12
4 Bedrooms 8.72
5 or more bedrooms 2.70