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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Carencro, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Carencro, LA Housing Market Trends

With 12,365 people, 3,800 houses or apartments, and a median cost of homes of $231,537, Carencro real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Carencro, accounting for 66.64% of the city's housing units. Other types of housing that are prevalent in Carencro include large apartment complexes or high rise apartments ( 18.37%), mobile homes or trailers ( 12.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.20%).

The most prevalent building size and type in Carencro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.93% owning and 36.07% renting.

There is a lot of housing in Carencro 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 Carencro built between 2000 and later ( 36.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.29%). There's also some housing in Carencro built before 1939 ( 2.13%).

Vacant housing appears to be an issue in Carencro. Fully 11.17% of the housing stock is classified as vacant. Left unchecked, vacant Carencro homes and apartments can be a drag on the real estate market, holding Carencro 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.

Carencro Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Carencro, where house values have increased just 38.29%, which is annualized rate of 3.29%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Carencro appreciation rates have trailed the rest of the nation. In the last twelve months, Carencro's appreciation rate has been -0.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Carencro were at 3.92%, which equates to an annual appreciation rate of 16.62%.

Relative to Louisiana, our data show that Carencro's latest annual appreciation rate is higher 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 Carencro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Carencro - 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 Carencro real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$231,537

Carencro, LA Home Prices
> $1,257,000
$943,001 - $1,257,000
$629,001 - $943,000
$503,001 - $629,000
$377,001 - $503,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
0.5%
0.5%
0.4%
0.4%
1.0%
1.0%
0.3%
0.3%
6.4%
6.4%
26.1%
26.1%
48.8%
48.8%
7.4%
7.4%
9.2%
9.2%
0% 100.0%
% of Homes
High

for Louisiana

Average

for nation

Number of Homes And Apartments:

3,800

Carencro Appreciation Rates

Rent & Ownership

Average Market Rent:

$966 / per month

Homeownership Rate

Owners
Renters
Vacant
63.9%
63.9%
36.1%
36.1%
11.2%
11.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
36.9%
36.9%
44.7%
44.7%
16.3%
16.3%
2.1%
2.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
66.6%
66.6%
0.1%
0.1%
2.2%
2.2%
18.4%
18.4%
12.6%
12.6%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
7.2%
7.2%
25.9%
25.9%
56.1%
56.1%
9.9%
9.9%
0.0%
0.0%
0% 100.0%
% of Homes