Bastrop, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bastrop, 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

Bastrop Housing Market Information

With 10,713 people, 4,132 houses or apartments, and a median cost of homes of $56,035, house prices in Bastrop are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Bastrop, accounting for 78.64% of the city's housing units. Other types of housing that are prevalent in Bastrop include mobile homes or trailers ( 8.10%), large apartment complexes or high rise apartments ( 7.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.71%).

The most prevalent building size and type in Bastrop are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.06% owning and 50.94% 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. Bastrop's housing was primarily built during this period, from the '40s through the '60s. A full 49.67% of the city's housing hails from this era. Other housing ages represented in Bastrop include homes built between 1970-1999 ( 39.25%) and housing constructed between 2000 and later ( 7.87%). There's also some housing in Bastrop built before 1939 ( 3.21%).

Vacant housing appears to be an issue in Bastrop. Fully 16.58% of the housing stock is classified as vacant. Left unchecked, vacant Bastrop homes and apartments can be a drag on the real estate market, holding Bastrop 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.

Bastrop Home Appreciation Rates

Appreciation rates for homes in Bastrop have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.13%, which ranks in the top 40% nationwide. This equates to an annual average Bastrop house appreciation rate of 0.60%.

Over the last year, Bastrop appreciation rates have trailed the rest of the nation. In the last twelve months, Bastrop's appreciation rate has been 0.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bastrop were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Bastrop's latest annual appreciation rate is lower than 60% of the other cities and towns in Louisiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Bastrop differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bastrop - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Bastrop real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$56,035

Bastrop, LA HOME PRICES

Value Range
> $1,037,000 0.1
$778,001 - $1,037,000 0.0
$519,001 - $778,000 0.1
$415,001 - $519,000 0.0
$311,001 - $415,000 1.7
$208,001 - $311,000 1.8
$104,001 - $208,000 19.6
$52,001 - $104,000 40.3
$0 - $52,000 36.4

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.7050275401383 98.9547038327526

Number Of Homes And Apartments:
4,132

Bastrop 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
39.55% 1.95% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$692 / per month

Homeownership Rate

Homeownership
Owners 49.06
Renters 50.94
Vacant 16.58

Housing Market Details

 

Age of Homes

AGE OF Bastrop HOMES
2000 or Newer 7.9
1970 - 1999 39.2
1940 - 1969 49.7
1939 or Older 3.2

Types of Homes

TYPE OF Bastrop HOMES
Single-Family 78.6
Townhomes 1.6
Small Apt. Buildings 3.7
Apt. Complexes 7.9
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Bastrop HOMES
No Bedroom 0.44
1 Bedroom 8.22
2 Bedrooms 30.28
3 Bedrooms 52.88
4 Bedrooms 7.05
5 or more bedrooms 1.13