Franklinton, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Franklinton, 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

Franklinton Housing Market Information

With a population of 3,782, 1,481 total housing units (homes and apartments), and a median house value of $93,648, house prices in Franklinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Franklinton, accounting for 75.93% of the town's housing units. Other types of housing that are prevalent in Franklinton include mobile homes or trailers ( 13.01%), large apartment complexes or high rise apartments ( 8.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.86%).

The most prevalent building size and type in Franklinton 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 Franklinton 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 Franklinton built between 1940-1969 ( 24.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.09%). There's also some housing in Franklinton built before 1939 ( 10.58%).

Vacant housing appears to be an issue in Franklinton. Fully 20.08% of the housing stock is classified as vacant. Left unchecked, vacant Franklinton homes and apartments can be a drag on the real estate market, holding Franklinton 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.

Franklinton Home Appreciation Rates

Appreciation rates for homes in Franklinton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.86%, which ranks in the top 50% nationwide. This equates to an annual average Franklinton house appreciation rate of 0.18%.

Over the last year, Franklinton appreciation rates have trailed the rest of the nation. In the last twelve months, Franklinton's appreciation rate has been -0.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Franklinton were at -0.90%, which equates to an annual appreciation rate of -3.57%.

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

Relative to Louisiana, our data show that Franklinton's latest annual appreciation rate is lower than 80% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$93,648

Franklinton, LA HOME PRICES

Value Range
> $1,045,000 0.6
$784,001 - $1,045,000 0.4
$523,001 - $784,000 0.1
$418,001 - $523,000 0.7
$313,001 - $418,000 3.6
$209,001 - $313,000 12.1
$104,001 - $209,000 27.1
$52,001 - $104,000 26.8
$0 - $52,000 28.5

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
81.5861947732333 69.6864111498258

Number Of Homes And Apartments:
1,481

Franklinton 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
57.73% 2.68% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$766 / per month

Homeownership Rate

Homeownership
Owners 56.75
Renters 43.25
Vacant 20.08

Housing Market Details

 

Age of Homes

AGE OF Franklinton HOMES
2000 or Newer 14.1
1970 - 1999 50.4
1940 - 1969 25.0
1939 or Older 10.6

Types of Homes

TYPE OF Franklinton HOMES
Single-Family 75.9
Townhomes 0.0
Small Apt. Buildings 2.9
Apt. Complexes 8.2
Mobile Homes 13.0
Other 0.0

Home Size

SIZE OF Franklinton HOMES
No Bedroom 0.00
1 Bedroom 10.63
2 Bedrooms 22.50
3 Bedrooms 54.78
4 Bedrooms 10.52
5 or more bedrooms 1.57

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Zip Codes in Franklinton, LA