DeRidder, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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DeRidder, 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

DeRidder Housing Market Information

With 10,890 people, 3,734 houses or apartments, and a median cost of homes of $128,636, house prices in DeRidder are solidly below the national average.

Single-family detached homes are the single most common housing type in DeRidder, accounting for 74.90% of the city's housing units. Other types of housing that are prevalent in DeRidder include duplexes, homes converted to apartments or other small apartment buildings ( 9.38%), large apartment complexes or high rise apartments ( 7.57%), and a few mobile homes or trailers ( 6.68%).

The most prevalent building size and type in DeRidder are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.08% owning and 45.92% renting.

There is a lot of housing in DeRidder 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 DeRidder built between 1940-1969 ( 32.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.98%). There's also some housing in DeRidder built before 1939 ( 5.46%).

Vacant housing appears to be an issue in DeRidder. Fully 16.84% of the housing stock is classified as vacant. Left unchecked, vacant DeRidder homes and apartments can be a drag on the real estate market, holding DeRidder 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.

DeRidder Home Appreciation Rates

Appreciation rates for homes in DeRidder have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.74%, which ranks in the top 30% nationwide. This equates to an annual average DeRidder house appreciation rate of 1.30%.

Over the last year, DeRidder appreciation rates have trailed the rest of the nation. In the last twelve months, DeRidder's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in DeRidder were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that DeRidder's latest annual appreciation rate is higher than 50% 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 DeRidder differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in DeRidder - 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 DeRidder real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$128,636

DeRidder, LA HOME PRICES

Value Range
> $1,073,000 0.3
$804,001 - $1,073,000 0.0
$536,001 - $804,000 1.3
$429,001 - $536,000 0.6
$322,001 - $429,000 3.6
$215,001 - $322,000 17.9
$107,001 - $215,000 34.9
$54,001 - $107,000 23.1
$0 - $54,000 18.4

High for LA
Low for Nation

Value Relative to Nation Value Relative to State
60.6176022500879 35.191637630662

Number Of Homes And Apartments:
3,734

DeRidder 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
68.18% 3.06% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$933 / per month

Homeownership Rate

Homeownership
Owners 54.08
Renters 45.92
Vacant 16.84

Housing Market Details

 

Age of Homes

AGE OF DeRidder HOMES
2000 or Newer 11.0
1970 - 1999 50.6
1940 - 1969 32.9
1939 or Older 5.5

Types of Homes

TYPE OF DeRidder HOMES
Single-Family 74.9
Townhomes 1.4
Small Apt. Buildings 9.4
Apt. Complexes 7.6
Mobile Homes 6.7
Other 0.0

Home Size

SIZE OF DeRidder HOMES
No Bedroom 0.56
1 Bedroom 9.62
2 Bedrooms 21.85
3 Bedrooms 51.20
4 Bedrooms 14.99
5 or more bedrooms 1.78

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Zip Codes in DeRidder, LA