Baker, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Baker, LA Real Estate Data


Baker Housing Market Information

With 13,695 people, 4,828 houses or apartments, and a median cost of homes of $118,163, house prices in Baker are solidly below the national average.

Single-family detached homes are the single most common housing type in Baker, accounting for 74.45% of the city's housing units. Other types of housing that are prevalent in Baker include duplexes, homes converted to apartments or other small apartment buildings ( 11.82%), mobile homes or trailers ( 9.34%), and a few large apartment complexes or high rise apartments ( 4.22%).

The most prevalent building size and type in Baker are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.53% owning and 36.47% renting.

There is a lot of housing in Baker 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 Baker built between 1940-1969 ( 29.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.26%). There's also some housing in Baker built before 1939 ( 2.01%).

Baker Home Appreciation Rates

Appreciation rates for homes in Baker have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.14%, which ranks in the top 40% nationwide. This equates to an annual average Baker house appreciation rate of 0.88%.

Over the last year, Baker appreciation rates have trailed the rest of the nation. In the last twelve months, Baker's appreciation rate has been 4.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Baker were at 2.22%, which equates to an annual appreciation rate of 9.19%.

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

Average Home Values

 

Median Home Value:
$118,163

Baker, LA HOME PRICES

Value Range
> $1,069,000 0.3
$802,001 - $1,069,000 0.7
$535,001 - $802,000 0.0
$428,001 - $535,000 0.2
$321,001 - $428,000 3.2
$214,001 - $321,000 7.1
$107,001 - $214,000 46.4
$53,001 - $107,000 28.7
$0 - $53,000 13.4

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
67.453299759911 45.4861111111111

Number Of Homes And Apartments:
4,828

Rent & Ownership

 

Average Market Rent:
$810 / per month

Homeownership Rate

Homeownership
Owners 63.53
Renters 36.47
Vacant 9.11

Housing Market Details

 

Age of Homes

AGE OF Baker HOMES
2000 or Newer 8.3
1970 - 1999 60.1
1940 - 1969 29.6
1939 or Older 2.0

Types of Homes

TYPE OF Baker HOMES
Single-Family 74.5
Townhomes 0.2
Small Apt. Buildings 11.8
Apt. Complexes 4.2
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Baker HOMES
No Bedroom 0.00
1 Bedroom 4.07
2 Bedrooms 20.80
3 Bedrooms 60.56
4 Bedrooms 12.63
5 or more bedrooms 1.94

Baker 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
48.69% 2.36% 3 6
* 10 is highest