Farmerville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Farmerville, LA Real Estate Data


Farmerville Housing Market Information

With a population of 3,862, 1,479 total housing units (homes and apartments), and a median house value of $73,159, house prices in Farmerville are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Farmerville, accounting for 54.22% of the town's housing units. Other types of housing that are prevalent in Farmerville include mobile homes or trailers ( 22.36%), duplexes, homes converted to apartments or other small apartment buildings ( 16.40%), and a few large apartment complexes or high rise apartments ( 6.52%).

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 60.56% owning and 39.44% 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 1940-1969 ( 38.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.59%). There's also some housing in Farmerville built before 1939 ( 3.66%).

Farmerville Home Appreciation Rates

Appreciation rates for homes in Farmerville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.11%, which ranks in the top 30% nationwide. This equates to an annual average Farmerville house appreciation rate of 1.33%.

Over the last year, Farmerville appreciation rates have trailed the rest of the nation. In the last twelve months, Farmerville's appreciation rate has been -1.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Farmerville were at 0.38%, which equates to an annual appreciation rate of 1.54%.

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

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

Average Home Values

 

Median Home Value:
$73,159

Farmerville, LA HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$544,001 - $815,000 1.7
$435,001 - $544,000 0.0
$326,001 - $435,000 2.6
$218,001 - $326,000 5.3
$109,001 - $218,000 22.2
$55,001 - $109,000 32.7
$0 - $55,000 35.5

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
94.4545294841014 88.8888888888889

Number Of Homes And Apartments:
1,479

Rent & Ownership

 

Average Market Rent:
$468 / per month

Homeownership Rate

Homeownership
Owners 60.56
Renters 39.44
Vacant 8.14

Housing Market Details

 

Age of Homes

AGE OF Farmerville HOMES
2000 or Newer 5.6
1970 - 1999 52.5
1940 - 1969 38.3
1939 or Older 3.7

Types of Homes

TYPE OF Farmerville HOMES
Single-Family 54.2
Townhomes 0.5
Small Apt. Buildings 16.4
Apt. Complexes 6.5
Mobile Homes 22.4
Other 0.0

Home Size

SIZE OF Farmerville HOMES
No Bedroom 1.99
1 Bedroom 10.06
2 Bedrooms 24.35
3 Bedrooms 56.09
4 Bedrooms 6.58
5 or more bedrooms 0.93

Farmerville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
47.34% 2.31% 2 6
* 10 is highest

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