Chauvin, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chauvin, 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

Chauvin Housing Market Information

With a population of 2,941, 981 total housing units (homes and apartments), and a median house value of $94,787, house prices in Chauvin are solidly below the national average.

Single-family detached homes are the single most common housing type in Chauvin, accounting for 90.03% of the town's housing units. Other types of housing that are prevalent in Chauvin include mobile homes or trailers ( 7.90%), duplexes, homes converted to apartments or other small apartment buildings ( 2.07%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chauvin. Owner-occupied housing accounts for 77.98% of Chauvin's homes, and 71.03% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Chauvin's housing was primarily built during this period, from the '40s through the '60s. A full 52.40% of the town's housing hails from this era. Other housing ages represented in Chauvin include homes built between 1970-1999 ( 30.29%) and housing constructed before 1939 ( 8.75%). There's also some housing in Chauvin built between 2000 and later ( 8.56%).

Chauvin Home Appreciation Rates

In the last 10 years, Chauvin has experienced some of the highest home appreciation rates of any community in the nation. Chauvin real estate appreciated 21.18% over the last ten years, which is an average annual home appreciation rate of 1.94%, putting Chauvin in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Chauvin definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Chauvin appreciation rates have trailed the rest of the nation. In the last twelve months, Chauvin's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chauvin were at -0.97%, which equates to an annual appreciation rate of -3.82%.

Notably, Chauvin's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$94,787

Chauvin, LA HOME PRICES

Value Range
> $1,045,000 0.0
$784,001 - $1,045,000 0.0
$523,001 - $784,000 0.0
$418,001 - $523,000 0.7
$314,001 - $418,000 4.0
$209,001 - $314,000 6.5
$104,001 - $209,000 29.2
$52,001 - $104,000 47.8
$0 - $52,000 11.7

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.9269893355209 67.2473867595819

Number Of Homes And Apartments:
981

Chauvin 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
71.54% 3.18% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Homeownership
Owners 77.98
Renters 22.02
Vacant 7.71

Housing Market Details

 

Age of Homes

AGE OF Chauvin HOMES
2000 or Newer 8.6
1970 - 1999 30.3
1940 - 1969 52.4
1939 or Older 8.7

Types of Homes

TYPE OF Chauvin HOMES
Single-Family 90.0
Townhomes 0.0
Small Apt. Buildings 2.1
Apt. Complexes 0.0
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Chauvin HOMES
No Bedroom 0.00
1 Bedroom 8.09
2 Bedrooms 18.16
3 Bedrooms 56.54
4 Bedrooms 14.49
5 or more bedrooms 2.73

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