Denham Springs, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Denham Springs, LA Real Estate Data


Denham Springs Housing Market Information

With 10,125 people, 3,947 houses or apartments, and a median cost of homes of $151,330, Denham Springs 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 Denham Springs, accounting for 74.73% of the city's housing units. Other types of housing that are prevalent in Denham Springs include duplexes, homes converted to apartments or other small apartment buildings ( 13.67%), large apartment complexes or high rise apartments ( 6.80%), and a few mobile homes or trailers ( 3.08%).

The most prevalent building size and type in Denham Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.25% owning and 39.75% renting.

There is a lot of housing in Denham Springs 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 Denham Springs built between 1940-1969 ( 38.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.13%). There's also some housing in Denham Springs built before 1939 ( 2.19%).

Vacant housing appears to be an issue in Denham Springs. Fully 12.58% of the housing stock is classified as vacant. Left unchecked, vacant Denham Springs homes and apartments can be a drag on the real estate market, holding Denham Springs 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.

Denham Springs Home Appreciation Rates

Appreciation rates for homes in Denham Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.86%, which ranks in the top 40% nationwide. This equates to an annual average Denham Springs house appreciation rate of 0.76%.

Over the last year, Denham Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Denham Springs's appreciation rate has been 1.61%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Denham Springs were at 0.03%, which equates to an annual appreciation rate of 0.13%.

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

Average Home Values

 

Median Home Value:
$151,330

Denham Springs, LA HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.0
$535,001 - $802,000 0.3
$428,001 - $535,000 2.0
$321,001 - $428,000 0.6
$214,001 - $321,000 9.7
$107,001 - $214,000 59.7
$54,001 - $107,000 20.2
$0 - $54,000 7.5

High for LA
Average for Nation

Value Relative to Nation Value Relative to State
49.1796554552912 20.5574912891986

Number Of Homes And Apartments:
3,947

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 60.25
Renters 39.75
Vacant 12.58

Housing Market Details

 

Age of Homes

AGE OF Denham Springs HOMES
2000 or Newer 15.1
1970 - 1999 43.8
1940 - 1969 38.9
1939 or Older 2.2

Types of Homes

TYPE OF Denham Springs HOMES
Single-Family 74.7
Townhomes 1.5
Small Apt. Buildings 13.7
Apt. Complexes 6.8
Mobile Homes 3.1
Other 0.2

Home Size

SIZE OF Denham Springs HOMES
No Bedroom 0.91
1 Bedroom 6.42
2 Bedrooms 24.85
3 Bedrooms 56.97
4 Bedrooms 10.01
5 or more bedrooms 0.84

Denham Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
52.35% 2.47% 4 7
* 10 is highest