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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Farmerville, LA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Farmerville, LA Housing Market Trends

With 3,301 people, 1,131 houses or apartments, and a median cost of homes of $175,392, house prices in Farmerville are solidly below the national average.

Single-family detached homes are the single most common housing type in Farmerville, accounting for 49.17% of the town's housing units. Other types of housing that are prevalent in Farmerville include mobile homes or trailers ( 27.95%), large apartment complexes or high rise apartments ( 12.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.68%).

The most prevalent building size and type in Farmerville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 43.31% owning and 56.69% renting.

There is a lot of housing in Farmerville 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 Farmerville built between 2000 and later ( 26.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.03%). There's also some housing in Farmerville built before 1939 ( 1.21%).

Vacant housing appears to be an issue in Farmerville. Fully 14.32% of the housing stock is classified as vacant. Left unchecked, vacant Farmerville homes and apartments can be a drag on the real estate market, holding Farmerville 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.

Farmerville Home Appreciation Rates

Farmerville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Farmerville during the period has been just 4.27%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Farmerville's appreciation rate, at 5.02%, has been at or slightly above the national average. In the latest quarter, Farmerville's appreciation rate has been -0.10%, which annualizes to a rate of -0.40%.

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

Average Home Values

Median Home Value

$175,392

Farmerville, LA Home Prices
> $1,158,000
$869,001 - $1,158,000
$579,001 - $869,000
$464,001 - $579,000
$348,001 - $464,000
$231,001 - $348,000
$116,001 - $231,000
$58,001 - $116,000
$0 - $58,000
0.0%
0.0%
0.0%
0.0%
3.1%
3.1%
1.8%
1.8%
7.6%
7.6%
10.8%
10.8%
35.1%
35.1%
9.6%
9.6%
32.0%
32.0%
0% 100.0%
% of Homes
Average

for Louisiana

Low

for nation

Number of Homes And Apartments:

1,131

Farmerville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,071 / per month

Homeownership Rate

Owners
Renters
43.3%
43.3%
56.7%
56.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.3%
14.3%
85.7%
85.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.5%
26.5%
54.2%
54.2%
18.0%
18.0%
1.2%
1.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
49.2%
49.2%
0.0%
0.0%
10.7%
10.7%
12.2%
12.2%
28.0%
28.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.1%
2.1%
8.9%
8.9%
36.4%
36.4%
38.7%
38.7%
11.8%
11.8%
2.1%
2.1%
0% 100.0%
% of Homes

Popular Neighborhoods in Farmerville

Popular Communities Near Farmerville, LA

Zip Codes in Farmerville, LA