Central, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Central Neighborhoods Since 2000




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 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

Central Housing Market Information

With 28,295 people, 10,341 houses or apartments, and a median cost of homes of $203,337, 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 80.87% of the city's housing units. Other types of housing that are prevalent in Central include mobile homes or trailers ( 14.12%), duplexes, homes converted to apartments or other small apartment buildings ( 2.27%), and a few large apartment complexes or high rise apartments ( 1.90%).

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 85.22% of Central's homes, and 82.90% 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 ( 19.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.38%).

Central Home Appreciation Rates

In the last 10 years, Central has experienced some of the highest home appreciation rates of any community in the nation. Central real estate appreciated 15.16% over the last ten years, which is an average annual home appreciation rate of 1.42%, putting Central in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Central definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Central's appreciation rate, at 4.19%, has been at or slightly above the national average. In the latest quarter, Central's appreciation rate has been 0.12%, which annualizes to a rate of 0.50%.

Relative to Louisiana, our data show that Central's latest annual appreciation rate is higher than 80% 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

 

Median Home Value:
$203,337

Central, LA HOME PRICES

Value Range
> $1,090,000 0.1
$817,001 - $1,090,000 0.8
$545,001 - $817,000 1.1
$436,001 - $545,000 4.1
$327,001 - $436,000 8.7
$218,001 - $327,000 27.1
$109,001 - $218,000 44.0
$55,001 - $109,000 5.2
$0 - $55,000 8.9

Very High for LA
High for Nation

Value Relative to Nation Value Relative to State
31.4367748740185 6.62020905923345

Number Of Homes And Apartments:
10,341

Central 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
56.15% 2.62% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$957 / per month

Homeownership Rate

Homeownership
Owners 85.22
Renters 14.78
Vacant 3.97

Housing Market Details

 

Age of Homes

AGE OF Central HOMES
2000 or Newer 19.1
1970 - 1999 69.5
1940 - 1969 10.4
1939 or Older 1.0

Types of Homes

TYPE OF Central HOMES
Single-Family 80.9
Townhomes 0.7
Small Apt. Buildings 2.3
Apt. Complexes 1.9
Mobile Homes 14.1
Other 0.2

Home Size

SIZE OF Central HOMES
No Bedroom 0.07
1 Bedroom 2.46
2 Bedrooms 12.26
3 Bedrooms 62.36
4 Bedrooms 20.53
5 or more bedrooms 2.32