Farmerville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Farmerville Neighborhoods Since 2000




Farmerville, 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

Farmerville Housing Market Information

With a population of 3,862, 1,426 total housing units (homes and apartments), and a median house value of $70,424, 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 49.81% of the town's housing units. Other types of housing that are prevalent in Farmerville include mobile homes or trailers ( 24.69%), duplexes, homes converted to apartments or other small apartment buildings ( 15.71%), and a few large apartment complexes or high rise apartments ( 9.41%).

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 56.75% owning and 43.25% 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 ( 31.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.79%). There's also some housing in Farmerville built before 1939 ( 3.99%).

Vacant housing appears to be an issue in Farmerville. Fully 11.10% 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

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 12.29%, which ranks in the top 30% nationwide. This equates to an annual average Farmerville house appreciation rate of 1.17%.

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 1.36%, 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 1.81%, which equates to an annual appreciation rate of 7.43%.

Importantly, this makes Farmerville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Louisiana, our data show that Farmerville's latest annual appreciation rate is higher than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$70,424

Farmerville, LA HOME PRICES

Value Range
> $1,049,000 0.0
$787,001 - $1,049,000 0.0
$524,001 - $787,000 1.6
$420,001 - $524,000 0.0
$315,001 - $420,000 2.7
$210,001 - $315,000 3.8
$105,001 - $210,000 21.7
$53,001 - $105,000 39.3
$0 - $53,000 30.8

Very Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
95.0896519395289 90.9407665505226

Number Of Homes And Apartments:
1,426

Farmerville 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
39.80% 1.96% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 56.75
Renters 43.25
Vacant 11.10

Housing Market Details

 

Age of Homes

AGE OF Farmerville HOMES
2000 or Newer 10.8
1970 - 1999 53.3
1940 - 1969 31.9
1939 or Older 4.0

Types of Homes

TYPE OF Farmerville HOMES
Single-Family 49.8
Townhomes 0.4
Small Apt. Buildings 15.7
Apt. Complexes 9.4
Mobile Homes 24.7
Other 0.0

Home Size

SIZE OF Farmerville HOMES
No Bedroom 1.06
1 Bedroom 10.72
2 Bedrooms 23.07
3 Bedrooms 58.85
4 Bedrooms 5.49
5 or more bedrooms 0.81

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Zip Codes in Farmerville, LA