Fort Polk, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fort Polk Neighborhoods Since 2000




Fort Polk, 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

Fort Polk Housing Market Information

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.

Fort Polk Home Appreciation Rates

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.

Average Home Values

 

Fort Polk 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
83.27% 3.57% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,266 / per month

Homeownership Rate

Homeownership
Owners 1.05
Renters 98.95
Vacant 15.51

Housing Market Details

 

Age of Homes

AGE OF Fort Polk HOMES
2000 or Newer 26.3
1970 - 1999 62.6
1940 - 1969 9.4
1939 or Older 1.7

Types of Homes

TYPE OF Fort Polk HOMES
Single-Family 10.5
Townhomes 30.3
Small Apt. Buildings 53.8
Apt. Complexes 4.9
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Fort Polk HOMES
No Bedroom 0.59
1 Bedroom 0.00
2 Bedrooms 44.68
3 Bedrooms 32.60
4 Bedrooms 14.79
5 or more bedrooms 7.34

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Zip Codes in Fort Polk, LA