Cut Off, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cut Off Neighborhoods Since 2000




Cut Off, 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

Cut Off Housing Market Information

With 6,109 people, 2,158 houses or apartments, and a median cost of homes of $138,974, house prices in Cut Off are solidly below the national average.

Single-family detached homes are the single most common housing type in Cut Off, accounting for 85.49% of the town's housing units. Other types of housing that are prevalent in Cut Off include mobile homes or trailers ( 12.56%), row houses and other attached homes ( 1.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cut Off. Owner-occupied housing accounts for 82.70% of Cut Off's homes, and 70.94% 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. Cut Off's housing was primarily built during this period, from the '40s through the '60s. A full 40.60% of the town's housing hails from this era. Other housing ages represented in Cut Off include homes built between 1970-1999 ( 37.36%) and housing constructed between 2000 and later ( 17.78%). There's also some housing in Cut Off built before 1939 ( 4.25%).

Vacant housing appears to be an issue in Cut Off. Fully 15.83% of the housing stock is classified as vacant. Left unchecked, vacant Cut Off homes and apartments can be a drag on the real estate market, holding Cut Off 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.

Cut Off Home Appreciation Rates

Appreciation rates for homes in Cut Off have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.07%, which ranks in the top 50% nationwide. This equates to an annual average Cut Off house appreciation rate of 0.30%.

Over the last year, Cut Off appreciation rates have trailed the rest of the nation. In the last twelve months, Cut Off's appreciation rate has been -2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cut Off were at -0.97%, which equates to an annual appreciation rate of -3.82%.

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

Relative to Louisiana, our data show that Cut Off's latest annual appreciation rate is lower than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$138,974

Cut Off, LA HOME PRICES

Value Range
> $1,042,000 0.0
$782,001 - $1,042,000 0.0
$521,001 - $782,000 0.3
$417,001 - $521,000 2.1
$312,001 - $417,000 5.2
$208,001 - $312,000 12.1
$104,001 - $208,000 40.5
$52,001 - $104,000 27.3
$0 - $52,000 12.5

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
55.2677838978085 26.8292682926829

Number Of Homes And Apartments:
2,158

Cut Off 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
48.12% 2.30% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$922 / per month

Homeownership Rate

Homeownership
Owners 82.70
Renters 17.30
Vacant 15.83

Housing Market Details

 

Age of Homes

AGE OF Cut Off HOMES
2000 or Newer 17.8
1970 - 1999 37.4
1940 - 1969 40.6
1939 or Older 4.3

Types of Homes

TYPE OF Cut Off HOMES
Single-Family 85.5
Townhomes 1.0
Small Apt. Buildings 0.2
Apt. Complexes 0.2
Mobile Homes 12.6
Other 0.5

Home Size

SIZE OF Cut Off HOMES
No Bedroom 0.00
1 Bedroom 2.89
2 Bedrooms 26.17
3 Bedrooms 56.24
4 Bedrooms 14.70
5 or more bedrooms 0.00

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Zip Codes in Cut Off, LA