Eunice, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Eunice Neighborhoods Since 2000




Eunice, 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

Eunice Housing Market Information

With 10,310 people, 3,912 houses or apartments, and a median cost of homes of $104,257, house prices in Eunice are solidly below the national average.

Single-family detached homes are the single most common housing type in Eunice, accounting for 74.85% of the city's housing units. Other types of housing that are prevalent in Eunice include mobile homes or trailers ( 9.30%), duplexes, homes converted to apartments or other small apartment buildings ( 7.51%), and a few large apartment complexes or high rise apartments ( 6.64%).

The most prevalent building size and type in Eunice are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.30% owning and 48.70% renting.

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. Eunice's housing was primarily built during this period, from the '40s through the '60s. A full 45.60% of the city's housing hails from this era. Other housing ages represented in Eunice include homes built between 1970-1999 ( 40.80%) and housing constructed between 2000 and later ( 6.97%). There's also some housing in Eunice built before 1939 ( 6.64%).

Vacant housing appears to be an issue in Eunice. Fully 12.31% of the housing stock is classified as vacant. Left unchecked, vacant Eunice homes and apartments can be a drag on the real estate market, holding Eunice 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.

Eunice Home Appreciation Rates

Appreciation rates for homes in Eunice have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.58%, which ranks in the top 30% nationwide. This equates to an annual average Eunice house appreciation rate of 1.10%.

Over the last year, Eunice appreciation rates have trailed the rest of the nation. In the last twelve months, Eunice's appreciation rate has been -1.16%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Eunice were at -0.81%, which equates to an annual appreciation rate of -3.21%.

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

Relative to Louisiana, our data show that Eunice's latest annual appreciation rate is lower than 80% 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 Eunice differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Eunice - 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 Eunice real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$104,257

Eunice, LA HOME PRICES

Value Range
> $1,061,000 0.0
$795,001 - $1,061,000 0.0
$530,001 - $795,000 0.4
$424,001 - $530,000 0.4
$318,001 - $424,000 0.9
$212,001 - $318,000 4.2
$106,001 - $212,000 37.2
$53,001 - $106,000 36.9
$0 - $53,000 19.9

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
74.7626860424235 55.7491289198606

Number Of Homes And Apartments:
3,912

Eunice 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
57.04% 2.65% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$764 / per month

Homeownership Rate

Homeownership
Owners 51.30
Renters 48.70
Vacant 12.31

Housing Market Details

 

Age of Homes

AGE OF Eunice HOMES
2000 or Newer 7.0
1970 - 1999 40.8
1940 - 1969 45.6
1939 or Older 6.6

Types of Homes

TYPE OF Eunice HOMES
Single-Family 74.8
Townhomes 1.7
Small Apt. Buildings 7.5
Apt. Complexes 6.6
Mobile Homes 9.3
Other 0.0

Home Size

SIZE OF Eunice HOMES
No Bedroom 0.45
1 Bedroom 7.24
2 Bedrooms 32.95
3 Bedrooms 50.53
4 Bedrooms 7.89
5 or more bedrooms 0.94