Boyce, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Boyce, LA Real Estate Data


Boyce Housing Market Information

With 979 people, 528 houses or apartments, and a median cost of homes of $123,180, house prices in Boyce are solidly below the national average.

Single-family detached homes are the single most common housing type in Boyce, accounting for 72.67% of the town's housing units. Other types of housing that are prevalent in Boyce include mobile homes or trailers ( 13.11%), duplexes, homes converted to apartments or other small apartment buildings ( 12.80%), and a few large apartment complexes or high rise apartments ( 1.42%).

The most prevalent building size and type in Boyce are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.71% owning and 41.29% 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. Boyce's housing was primarily built during this period, from the '40s through the '60s. A full 35.86% of the town's housing hails from this era. Other housing ages represented in Boyce include homes built between 1970-1999 ( 34.76%) and housing constructed before 1939 ( 19.12%). There's also some housing in Boyce built between 2000 and later ( 10.27%).

Vacant housing appears to be an issue in Boyce. Fully 16.59% of the housing stock is classified as vacant. Left unchecked, vacant Boyce homes and apartments can be a drag on the real estate market, holding Boyce 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.

Boyce Home Appreciation Rates

Appreciation rates for homes in Boyce have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.37%, which ranks in the top 30% nationwide. This equates to an annual average Boyce house appreciation rate of 1.44%.

Over the last year, Boyce appreciation rates have trailed the rest of the nation. In the last twelve months, Boyce's appreciation rate has been 1.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boyce were at 1.10%, which equates to an annual appreciation rate of 4.46%.

Relative to Louisiana, our data show that Boyce's latest annual appreciation rate is lower than 80% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$123,180

Boyce, LA HOME PRICES

Value Range
> $1,059,000 0.0
$794,001 - $1,059,000 0.0
$529,001 - $794,000 0.0
$423,001 - $529,000 0.9
$318,001 - $423,000 5.9
$212,001 - $318,000 12.8
$106,001 - $212,000 38.0
$53,001 - $106,000 21.7
$0 - $53,000 20.8

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
64.5429525092229 42.0138888888889

Number Of Homes And Apartments:
528

Rent & Ownership

 

Average Market Rent:
$719 / per month

Homeownership Rate

Homeownership
Owners 58.71
Renters 41.29
Vacant 16.59

Housing Market Details

 

Age of Homes

AGE OF Boyce HOMES
2000 or Newer 10.3
1970 - 1999 34.8
1940 - 1969 35.9
1939 or Older 19.1

Types of Homes

TYPE OF Boyce HOMES
Single-Family 72.7
Townhomes 0.0
Small Apt. Buildings 12.8
Apt. Complexes 1.4
Mobile Homes 13.1
Other 0.0

Home Size

SIZE OF Boyce HOMES
No Bedroom 1.90
1 Bedroom 1.58
2 Bedrooms 39.34
3 Bedrooms 40.44
4 Bedrooms 15.32
5 or more bedrooms 1.42

Boyce 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
54.45% 2.59% 4 7
* 10 is highest

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