Bossier City, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Bossier City Housing Market Information

With 68,554 people, 25,357 houses or apartments, and a median cost of homes of $149,329, 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 65.45% of the city's housing units. Other types of housing that are prevalent in Bossier City include large apartment complexes or high rise apartments ( 16.16%), duplexes, homes converted to apartments or other small apartment buildings ( 8.77%), and a few mobile homes or trailers ( 5.10%).

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 51.41% owning and 48.59% 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 ( 31.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.55%). There's also some housing in Bossier City built before 1939 ( 2.68%).

Vacant housing appears to be an issue in Bossier City. Fully 10.71% 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

Real estate appreciation rates in Bossier City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.83% during the period.

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 -1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bossier City were at -2.26%, which equates to an annual appreciation rate of -8.74%.

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

Relative to Louisiana, our data show that Bossier City's latest annual appreciation rate is lower than 90% 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:
$149,329

Bossier City, LA HOME PRICES

Value Range
> $1,035,000 0.7
$776,001 - $1,035,000 0.6
$517,001 - $776,000 1.0
$414,001 - $517,000 1.2
$310,001 - $414,000 3.2
$207,001 - $310,000 14.4
$103,001 - $207,000 43.6
$52,001 - $103,000 25.6
$0 - $52,000 9.8

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
56.2861313868613 27.3356401384083

Number Of Homes And Apartments:
25,357

Bossier City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
48.94% 2.15%
2
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,233 / per month

Homeownership Rate

Homeownership
Owners 51.41
Renters 48.59
Vacant 10.71

Housing Market Details

 

Age of Homes

AGE OF Bossier City HOMES
2000 or Newer 20.6
1970 - 1999 45.5
1940 - 1969 31.2
1939 or Older 2.7

Types of Homes

TYPE OF Bossier City HOMES
Single-Family 65.4
Townhomes 4.4
Small Apt. Buildings 8.8
Apt. Complexes 16.2
Mobile Homes 5.1
Other 0.2

Home Size

SIZE OF Bossier City HOMES
No Bedroom 1.34
1 Bedroom 12.45
2 Bedrooms 21.04
3 Bedrooms 47.91
4 Bedrooms 15.82
5 or more bedrooms 1.44