Gonzales, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gonzales Neighborhoods Since 2000




Gonzales, 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

Gonzales Housing Market Information

With a population of 10,678, 4,074 total housing units (homes and apartments), and a median house value of $161,332, Gonzales real estate is some of the most expensive in Louisiana, although Gonzales home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Gonzales, accounting for 75.00% of the city's housing units. Other types of housing that are prevalent in Gonzales include large apartment complexes or high rise apartments ( 13.67%), duplexes, homes converted to apartments or other small apartment buildings ( 6.05%), and a few mobile homes or trailers ( 4.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gonzales. Owner-occupied housing accounts for 69.08% of Gonzales's homes, and 70.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gonzales 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 Gonzales built between 2000 and later ( 27.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.79%). There's also some housing in Gonzales built before 1939 ( 4.01%).

Vacant housing appears to be an issue in Gonzales. Fully 10.74% of the housing stock is classified as vacant. Left unchecked, vacant Gonzales homes and apartments can be a drag on the real estate market, holding Gonzales 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.

Gonzales Home Appreciation Rates

Appreciation rates for homes in Gonzales have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.75%, which ranks in the top 40% nationwide. This equates to an annual average Gonzales house appreciation rate of 0.84%.

Over the last year, Gonzales appreciation rates have trailed the rest of the nation. In the last twelve months, Gonzales's appreciation rate has been 0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gonzales were at 0.12%, which equates to an annual appreciation rate of 0.50%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gonzales differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gonzales - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gonzales real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,332

Gonzales, LA HOME PRICES

Value Range
> $1,095,000 0.2
$822,001 - $1,095,000 0.9
$548,001 - $822,000 1.7
$438,001 - $548,000 1.2
$328,001 - $438,000 3.1
$219,001 - $328,000 13.5
$110,001 - $219,000 58.1
$55,001 - $110,000 13.4
$0 - $55,000 7.9

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
45.0896519395289 14.6341463414634

Number Of Homes And Apartments:
4,074

Gonzales 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
53.16% 2.50% 4 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,271 / per month

Homeownership Rate

Homeownership
Owners 69.08
Renters 30.92
Vacant 10.74

Housing Market Details

 

Age of Homes

AGE OF Gonzales HOMES
2000 or Newer 27.8
1970 - 1999 47.4
1940 - 1969 20.8
1939 or Older 4.0

Types of Homes

TYPE OF Gonzales HOMES
Single-Family 75.0
Townhomes 0.6
Small Apt. Buildings 6.0
Apt. Complexes 13.7
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Gonzales HOMES
No Bedroom 2.21
1 Bedroom 5.41
2 Bedrooms 19.70
3 Bedrooms 53.35
4 Bedrooms 17.27
5 or more bedrooms 2.06