Bossier City, LA Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Bossier City, LA Housing Market Trends

With a population of 68,159, 26,927 total housing units (homes and apartments), and a median house value of $151,066, house prices in Bossier City are solidly below the national average.

Single-family detached homes are the single most common housing type in Bossier City, accounting for 68.07% of the city's housing units. Other types of housing that are prevalent in Bossier City include large apartment complexes or high rise apartments ( 13.64%), duplexes, homes converted to apartments or other small apartment buildings ( 9.01%), and a few mobile homes or trailers ( 4.79%).

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 50.72% owning and 49.28% 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 ( 29.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.07%). There's also some housing in Bossier City built before 1939 ( 2.51%).

Vacant housing appears to be an issue in Bossier City. Fully 12.66% 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

Bossier City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bossier City during the period has been just 1.04%, which is lower than 80% of US communities.

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 3.60%, 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 1.80%, which equates to an annual appreciation rate of 7.39%.

Relative to Louisiana, our data show that Bossier City'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 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

 
info

Median Home Value:
$151,066

Bossier City, LA HOME PRICES

> $1,065,000
0.7%
0.7%
$799,001 - $1,065,000
0.2%
0.2%
$533,001 - $799,000
1.1%
1.1%
$426,001 - $533,000
1.7%
1.7%
$320,001 - $426,000
4.3%
4.3%
$213,001 - $320,000
14.5%
14.5%
$106,001 - $213,000
47.4%
47.4%
$53,001 - $106,000
22.5%
22.5%
$0 - $53,000
7.6%
7.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

High for LA

Value Relative To Nation

Number Of Homes And Apartments:
26,927

Bossier City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
55.95% 2.14%
2
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,361 / per month

Homeownership Rate

Owners
50.7%
50.7%
Renters
49.3%
49.3%
Vacant
12.7%
12.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
19.1%
19.1%
1970 - 1999
49.2%
49.2%
1940 - 1969
29.2%
29.2%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
68.1%
68.1%
Townhomes
4.4%
4.4%
Small Apt. Buildings
9.0%
9.0%
Apt. Complexes
13.6%
13.6%
Mobile Homes
4.8%
4.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.3%
1.3%
1 Bedroom
10.6%
10.6%
2 Bedrooms
23.4%
23.4%
3 Bedrooms
47.5%
47.5%
4 Bedrooms
16.2%
16.2%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES