Chalmette, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chalmette Neighborhoods Since 2000




Chalmette, LA Real Estate Data


Chalmette Housing Market Information

With 20,723 people, 6,813 houses or apartments, and a median cost of homes of $156,180, Chalmette 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 Chalmette, accounting for 65.52% of the town's housing units. Other types of housing that are prevalent in Chalmette include duplexes, homes converted to apartments or other small apartment buildings ( 19.31%), row houses and other attached homes ( 7.03%), and a few large apartment complexes or high rise apartments ( 4.44%).

The most prevalent building size and type in Chalmette are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.55% owning and 42.45% renting.

There is a lot of housing in Chalmette 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 Chalmette built between 2000 and later ( 33.62%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.03%).

Vacant housing appears to be an issue in Chalmette. Fully 15.94% of the housing stock is classified as vacant. Left unchecked, vacant Chalmette homes and apartments can be a drag on the real estate market, holding Chalmette 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.

Chalmette Home Appreciation Rates

Appreciation rates for homes in Chalmette have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.83%, which ranks in the top 40% nationwide. This equates to an annual average Chalmette house appreciation rate of 0.85%.

Appreciation rates are so strong in Chalmette that despite a nationwide downturn in the housing market, Chalmette real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chalmette appreciation rates continue to be some of the highest in America, at 7.13%, which is higher than appreciation rates in 85.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chalmette. Chalmette appreciation rates in the latest quarter were at 2.47%, which equates to an annual appreciation rate of 10.24%.

Relative to Louisiana, our data show that Chalmette's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Chalmette differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chalmette - 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 Chalmette real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$156,180

Chalmette, LA HOME PRICES

Value Range
> $1,218,000 0.3
$913,001 - $1,218,000 0.3
$609,001 - $913,000 0.4
$487,001 - $609,000 0.0
$365,001 - $487,000 0.8
$244,001 - $365,000 9.2
$122,001 - $244,000 65.0
$61,001 - $122,000 15.4
$0 - $61,000 8.7

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
48.1934766059612 19.0972222222222

Number Of Homes And Apartments:
6,813

Rent & Ownership

 

Average Market Rent:
$1,017 / per month

Homeownership Rate

Homeownership
Owners 57.55
Renters 42.45
Vacant 15.94

Housing Market Details

 

Age of Homes

AGE OF Chalmette HOMES
2000 or Newer 33.6
1970 - 1999 40.4
1940 - 1969 25.0
1939 or Older 0.9

Types of Homes

TYPE OF Chalmette HOMES
Single-Family 65.5
Townhomes 7.0
Small Apt. Buildings 19.3
Apt. Complexes 4.4
Mobile Homes 3.6
Other 0.1

Home Size

SIZE OF Chalmette HOMES
No Bedroom 1.02
1 Bedroom 7.30
2 Bedrooms 31.45
3 Bedrooms 46.44
4 Bedrooms 11.49
5 or more bedrooms 2.29

Chalmette Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
34.14% 1.74% 1 4
* 10 is highest