Breaux Bridge, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Breaux Bridge, 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

Breaux Bridge Housing Market Information

With a population of 8,395, 2,889 total housing units (homes and apartments), and a median house value of $105,037, house prices in Breaux Bridge are solidly below the national average.

Single-family detached homes are the single most common housing type in Breaux Bridge, accounting for 75.79% of the city's housing units. Other types of housing that are prevalent in Breaux Bridge include mobile homes or trailers ( 9.73%), large apartment complexes or high rise apartments ( 7.91%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.57%).

The most prevalent building size and type in Breaux Bridge are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 64.22% owning and 35.78% renting.

There is a lot of housing in Breaux Bridge 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 Breaux Bridge built between 1940-1969 ( 25.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.75%). There's also some housing in Breaux Bridge built before 1939 ( 8.50%).

Vacant housing appears to be an issue in Breaux Bridge. Fully 11.03% of the housing stock is classified as vacant. Left unchecked, vacant Breaux Bridge homes and apartments can be a drag on the real estate market, holding Breaux Bridge 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.

Breaux Bridge Home Appreciation Rates

Appreciation rates for homes in Breaux Bridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.16%, which ranks in the top 30% nationwide. This equates to an annual average Breaux Bridge house appreciation rate of 1.33%.

Over the last year, Breaux Bridge appreciation rates have trailed the rest of the nation. In the last twelve months, Breaux Bridge's appreciation rate has been 3.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Breaux Bridge were at 1.20%, which equates to an annual appreciation rate of 4.89%.

Relative to Louisiana, our data show that Breaux Bridge's latest annual appreciation rate is higher than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$105,037

Breaux Bridge, LA HOME PRICES

Value Range
> $1,086,000 1.1
$815,001 - $1,086,000 0.1
$543,001 - $815,000 1.1
$435,001 - $543,000 2.5
$326,001 - $435,000 7.3
$217,001 - $326,000 12.3
$108,001 - $217,000 31.4
$54,001 - $108,000 26.1
$0 - $54,000 18.1

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
74.2997773350522 54.7038327526132

Number Of Homes And Apartments:
2,889

Breaux Bridge 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
74.82% 3.29% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,018 / per month

Homeownership Rate

Homeownership
Owners 64.22
Renters 35.78
Vacant 11.03

Housing Market Details

 

Age of Homes

AGE OF Breaux Bridge HOMES
2000 or Newer 14.8
1970 - 1999 51.1
1940 - 1969 25.6
1939 or Older 8.5

Types of Homes

TYPE OF Breaux Bridge HOMES
Single-Family 75.8
Townhomes 0.4
Small Apt. Buildings 5.6
Apt. Complexes 7.9
Mobile Homes 9.7
Other 0.6

Home Size

SIZE OF Breaux Bridge HOMES
No Bedroom 0.00
1 Bedroom 3.60
2 Bedrooms 25.44
3 Bedrooms 50.66
4 Bedrooms 19.65
5 or more bedrooms 0.65

Popular Neighborhoods in Breaux Bridge

Zip Codes in Breaux Bridge, LA