Bossier City, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Bossier City Neighborhoods Since 2000




Bossier City, 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

Bossier City Housing Market Information

With 68,094 people, 25,540 houses or apartments, and a median cost of homes of $140,666, Bossier City 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 Bossier City, accounting for 65.16% of the city's housing units. Other types of housing that are prevalent in Bossier City include large apartment complexes or high rise apartments ( 16.87%), duplexes, homes converted to apartments or other small apartment buildings ( 8.51%), and a few mobile homes or trailers ( 4.85%).

The most prevalent building size and type in Bossier City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.68% owning and 47.32% renting.

There is a lot of housing in Bossier City 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 Bossier City built between 1940-1969 ( 32.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.97%). There's also some housing in Bossier City built before 1939 ( 2.49%).

Vacant housing appears to be an issue in Bossier City. Fully 10.23% of the housing stock is classified as vacant. Left unchecked, vacant Bossier City homes and apartments can be a drag on the real estate market, holding Bossier City 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.

Bossier City Home Appreciation Rates

Appreciation rates for homes in Bossier City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.75%, which ranks in the top 40% nationwide. This equates to an annual average Bossier City house appreciation rate of 0.84%.

Over the last year, Bossier City appreciation rates have trailed the rest of the nation. In the last twelve months, Bossier City's appreciation rate has been 2.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bossier City were at -0.51%, which equates to an annual appreciation rate of -2.04%.

Relative to Louisiana, our data show that Bossier City's latest annual appreciation rate is higher 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 Bossier City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bossier City - 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 Bossier City real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$140,666

Bossier City, LA HOME PRICES

Value Range
> $1,035,000 0.3
$776,001 - $1,035,000 0.5
$517,001 - $776,000 1.2
$414,001 - $517,000 1.6
$310,001 - $414,000 3.1
$207,001 - $310,000 13.6
$103,001 - $207,000 43.8
$52,001 - $103,000 24.9
$0 - $52,000 11.0

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
54.441579749209 25.0871080139373

Number Of Homes And Apartments:
25,540

Bossier City 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
46.87% 2.25% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,375 / per month

Homeownership Rate

Homeownership
Owners 52.68
Renters 47.32
Vacant 10.23

Housing Market Details

 

Age of Homes

AGE OF Bossier City HOMES
2000 or Newer 20.0
1970 - 1999 45.4
1940 - 1969 32.1
1939 or Older 2.5

Types of Homes

TYPE OF Bossier City HOMES
Single-Family 65.2
Townhomes 4.5
Small Apt. Buildings 8.5
Apt. Complexes 16.9
Mobile Homes 4.9
Other 0.1

Home Size

SIZE OF Bossier City HOMES
No Bedroom 1.95
1 Bedroom 12.65
2 Bedrooms 20.83
3 Bedrooms 47.59
4 Bedrooms 15.54
5 or more bedrooms 1.44