Boyce, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Boyce, 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

Boyce Housing Market Information

With a population of 979, 511 total housing units (homes and apartments), and a median house value of $120,319, 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 73.26% of the town's housing units. Other types of housing that are prevalent in Boyce include duplexes, homes converted to apartments or other small apartment buildings ( 11.87%), mobile homes or trailers ( 10.28%), and a few large apartment complexes or high rise apartments ( 4.59%).

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 52.25% owning and 47.75% renting.

There is a lot of housing in Boyce 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 Boyce built between 1940-1969 ( 34.02%). A lesser amount of the housing stock also hails from before 1939 ( 18.35%). There's also some housing in Boyce built between 2000 and later ( 8.70%).

Vacant housing appears to be an issue in Boyce. Fully 19.15% 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 13.44%, which ranks in the top 30% nationwide. This equates to an annual average Boyce house appreciation rate of 1.27%.

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 0.49%, 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 -3.30%, which equates to an annual appreciation rate of -12.57%.

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

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

Average Home Values

 

Median Home Value:
$120,319

Boyce, LA HOME PRICES

Value Range
> $1,040,000 0.0
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.0
$416,001 - $520,000 1.2
$312,001 - $416,000 5.7
$208,001 - $312,000 15.4
$104,001 - $208,000 35.5
$52,001 - $104,000 27.4
$0 - $52,000 14.9

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
65.2056720965663 42.8571428571429

Number Of Homes And Apartments:
511

Boyce 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
48.41% 2.32% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 52.25
Renters 47.75
Vacant 19.15

Housing Market Details

 

Age of Homes

AGE OF Boyce HOMES
2000 or Newer 8.7
1970 - 1999 38.9
1940 - 1969 34.0
1939 or Older 18.4

Types of Homes

TYPE OF Boyce HOMES
Single-Family 73.3
Townhomes 0.0
Small Apt. Buildings 11.9
Apt. Complexes 4.6
Mobile Homes 10.3
Other 0.0

Home Size

SIZE OF Boyce HOMES
No Bedroom 0.95
1 Bedroom 1.11
2 Bedrooms 42.25
3 Bedrooms 35.28
4 Bedrooms 18.99
5 or more bedrooms 1.42

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Zip Codes in Boyce, LA