Carencro, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Carencro Neighborhoods Since 2000




Carencro, 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

Carencro Housing Market Information

With a population of 8,575, 3,243 total housing units (homes and apartments), and a median house value of $129,252, house prices in Carencro are solidly below the national average.

Single-family detached homes are the single most common housing type in Carencro, accounting for 59.03% of the city's housing units. Other types of housing that are prevalent in Carencro include mobile homes or trailers ( 18.51%), large apartment complexes or high rise apartments ( 18.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.55%).

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 60.93% owning and 39.07% 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 ( 29.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.15%). There's also some housing in Carencro built before 1939 ( 1.79%).

Carencro Home Appreciation Rates

Appreciation rates for homes in Carencro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.22%, which ranks in the top 30% nationwide. This equates to an annual average Carencro house appreciation rate of 1.16%.

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 2.90%, 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 1.20%, which equates to an annual appreciation rate of 4.89%.

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

Average Home Values

 

Median Home Value:
$129,252

Carencro, LA HOME PRICES

Value Range
> $1,088,000 0.8
$816,001 - $1,088,000 0.1
$544,001 - $816,000 0.5
$435,001 - $544,000 1.0
$326,001 - $435,000 3.2
$218,001 - $326,000 12.3
$109,001 - $218,000 42.8
$54,001 - $109,000 20.9
$0 - $54,000 18.5

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
60.2894644322044 34.1463414634146

Number Of Homes And Apartments:
3,243

Carencro 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
57.19% 2.66% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$771 / per month

Homeownership Rate

Homeownership
Owners 60.93
Renters 39.07
Vacant 3.17

Housing Market Details

 

Age of Homes

AGE OF Carencro HOMES
2000 or Newer 29.4
1970 - 1999 52.6
1940 - 1969 16.2
1939 or Older 1.8

Types of Homes

TYPE OF Carencro HOMES
Single-Family 59.0
Townhomes 0.5
Small Apt. Buildings 3.6
Apt. Complexes 18.4
Mobile Homes 18.5
Other 0.0

Home Size

SIZE OF Carencro HOMES
No Bedroom 1.88
1 Bedroom 8.24
2 Bedrooms 27.65
3 Bedrooms 55.06
4 Bedrooms 5.52
5 or more bedrooms 1.64