Central, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Central Housing Market Information

With a population of 29,357, 10,278 total housing units (homes and apartments), and a median house value of $237,405, Central real estate is some of the most expensive in Louisiana, although Central home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Central, accounting for 79.98% of the city's housing units. Other types of housing that are prevalent in Central include mobile homes or trailers ( 13.47%), duplexes, homes converted to apartments or other small apartment buildings ( 3.75%), and a few large apartment complexes or high rise apartments ( 1.96%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Central. Owner-occupied housing accounts for 86.23% of Central's homes, and 80.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Central 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 Central built between 2000 and later ( 24.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.81%). There's also some housing in Central built before 1939 ( 1.61%).

Central Home Appreciation Rates

Real estate appreciation rates in Central's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.24% during the period.

NeighborhoodScout's data show that during the latest twelve months, Central's appreciation rate, at 3.93%, has been at or slightly above the national average. In the latest quarter, Central's appreciation rate has been 1.00%, which annualizes to a rate of 4.07%.

Relative to Louisiana, our data show that Central's latest annual appreciation rate is higher than 70% 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 Central differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Central - 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 Central real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$237,405

Central, LA HOME PRICES

> $1,159,000
1.4%
1.4%
$869,001 - $1,159,000
0.3%
0.3%
$579,001 - $869,000
1.9%
1.9%
$463,001 - $579,000
5.1%
5.1%
$348,001 - $463,000
9.7%
9.7%
$232,001 - $348,000
28.8%
28.8%
$116,001 - $232,000
42.0%
42.0%
$58,001 - $116,000
5.9%
5.9%
$0 - $58,000
4.8%
4.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for LA

Value Relative To Nation

Number Of Homes And Apartments:
10,278

Central Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
76.25% 2.77%
7
6
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,026 / per month

Homeownership Rate

Owners
86.2%
86.2%
Renters
13.8%
13.8%
Vacant
9.0%
9.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
24.7%
24.7%
1970 - 1999
63.9%
63.9%
1940 - 1969
9.8%
9.8%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.0%
80.0%
Townhomes
0.7%
0.7%
Small Apt. Buildings
3.7%
3.7%
Apt. Complexes
2.0%
2.0%
Mobile Homes
13.5%
13.5%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
3.0%
3.0%
2 Bedrooms
12.6%
12.6%
3 Bedrooms
60.4%
60.4%
4 Bedrooms
20.1%
20.1%
5 or more bedrooms
3.7%
3.7%
0.0% 100.0%
% OF HOMES