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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Fort Polk, accounting for 53.75% of the town's housing units. Other types of housing that are prevalent in Fort Polk include row houses and other attached homes ( 30.34%), single-family detached homes ( 10.50%), and a few large apartment complexes or high rise apartments ( 4.89%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
Renters dominate Fort Polk's housing market, and most live in three of four bedroom dwellings.
There is a lot of housing in Fort Polk 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 Fort Polk built between 2000 and later ( 26.31%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.41%). There's also some housing in Fort Polk built before 1939 ( 1.66%).
Vacant housing appears to be an issue in Fort Polk. Fully 15.51% of the housing stock is classified as vacant. Left unchecked, vacant Fort Polk homes and apartments can be a drag on the real estate market, holding Fort Polk 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.
In the last 10 years, Fort Polk has experienced some of the highest home appreciation rates of any community in the nation. Fort Polk real estate appreciated 23.90% over the last ten years, which is an average annual home appreciation rate of 2.17%, putting Fort Polk in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Polk definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Fort Polk appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Polk's appreciation rate has been 1.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Polk were at -0.90%, which equates to an annual appreciation rate of -3.57%.
Notably, Fort Polk's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Louisiana, our data show that Fort Polk's latest annual appreciation rate is higher than 60% of the other cities and towns in Louisiana.
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fort Polk HOMES|
|2000 or Newer||26.3|
|1970 - 1999||62.6|
|1940 - 1969||9.4|
|1939 or Older||1.7|
|TYPE OF Fort Polk HOMES|
|Small Apt. Buildings||53.8|
|SIZE OF Fort Polk HOMES|
|5 or more bedrooms||7.34|