Glenmora, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glenmora, LA Real Estate Data


Glenmora Housing Market Information

With 1,320 people, 496 houses or apartments, and a median cost of homes of $123,241, house prices in Glenmora are solidly below the national average.

Single-family detached homes are the single most common housing type in Glenmora, accounting for 64.76% of the town's housing units. Other types of housing that are prevalent in Glenmora include mobile homes or trailers ( 22.93%), duplexes, homes converted to apartments or other small apartment buildings ( 9.11%), and a few large apartment complexes or high rise apartments ( 1.85%).

The most prevalent building size and type in Glenmora are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.85% owning and 44.15% renting.

There is a lot of housing in Glenmora 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 Glenmora built between 1940-1969 ( 23.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.17%). There's also some housing in Glenmora built before 1939 ( 10.62%).

Vacant housing appears to be an issue in Glenmora. Fully 16.36% of the housing stock is classified as vacant. Left unchecked, vacant Glenmora homes and apartments can be a drag on the real estate market, holding Glenmora 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.

Glenmora Home Appreciation Rates

In the last 10 years, Glenmora has experienced some of the highest home appreciation rates of any community in the nation. Glenmora real estate appreciated 33.41% over the last ten years, which is an average annual home appreciation rate of 2.92%, putting Glenmora in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glenmora 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, Glenmora appreciation rates have trailed the rest of the nation. In the last twelve months, Glenmora's appreciation rate has been 2.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glenmora were at 1.10%, which equates to an annual appreciation rate of 4.46%.

Relative to Louisiana, our data show that Glenmora's latest annual appreciation rate is lower than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$123,241

Glenmora, LA HOME PRICES

Value Range
> $1,128,000 3.1
$846,001 - $1,128,000 0.1
$564,001 - $846,000 0.0
$451,001 - $564,000 2.4
$338,001 - $451,000 9.1
$225,001 - $338,000 8.2
$113,001 - $225,000 29.1
$56,001 - $113,000 20.0
$0 - $56,000 28.0

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
64.4843942144405 41.6666666666667

Number Of Homes And Apartments:
496

Rent & Ownership

 

Average Market Rent:
$646 / per month

Homeownership Rate

Homeownership
Owners 55.85
Renters 44.15
Vacant 16.36

Housing Market Details

 

Age of Homes

AGE OF Glenmora HOMES
2000 or Newer 14.2
1970 - 1999 51.8
1940 - 1969 23.4
1939 or Older 10.6

Types of Homes

TYPE OF Glenmora HOMES
Single-Family 64.8
Townhomes 1.3
Small Apt. Buildings 9.1
Apt. Complexes 1.9
Mobile Homes 22.9
Other 0.0

Home Size

SIZE OF Glenmora HOMES
No Bedroom 1.85
1 Bedroom 1.35
2 Bedrooms 36.42
3 Bedrooms 48.40
4 Bedrooms 11.30
5 or more bedrooms 0.67

Glenmora 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
79.66% 3.51% 9 9
* 10 is highest

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Zip Codes in Glenmora, LA