Gretna LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



map preview
Please wait, loading your map...

Highest
Lowest




Gretna, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gretna Housing Market Information

With 17,730 people, 7,120 houses or apartments, and a median cost of homes of $191,828, Gretna real estate is some of the most expensive in Louisiana, although Gretna home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Gretna, accounting for 65.64% of the city's housing units. Other types of housing that are prevalent in Gretna include large apartment complexes or high rise apartments ( 17.99%), row houses and other attached homes ( 9.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.24%).

People in Gretna primarily live in small (one, two or no bedroom) single-family detached homes. Gretna has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gretna's housing was primarily built during this period, from the '40s through the '60s. A full 55.35% of the city's housing hails from this era. Other housing ages represented in Gretna include homes built between 1970-1999 ( 25.48%) and housing constructed before 1939 ( 11.29%). There's also some housing in Gretna built between 2000 and later ( 7.87%).

Vacant housing appears to be an issue in Gretna. Fully 12.30% of the housing stock is classified as vacant. Left unchecked, vacant Gretna homes and apartments can be a drag on the real estate market, holding Gretna 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.

Gretna Home Appreciation Rates

Real estate appreciation rates in Gretna's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.35% during the period.

Over the last year, Gretna appreciation rates have trailed the rest of the nation. In the last twelve months, Gretna's appreciation rate has been 4.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gretna were at 0.62%, which equates to an annual appreciation rate of 2.52%.

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

Relative to Louisiana, our data show that Gretna's latest annual appreciation rate is higher than 80% 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 Gretna differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gretna - 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 Gretna real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$191,828

Gretna, LA HOME PRICES

Value Range
> $1,164,000 0.6
$873,001 - $1,164,000 0.1
$582,001 - $873,000 1.1
$466,001 - $582,000 1.9
$349,001 - $466,000 8.6
$233,001 - $349,000 22.5
$116,001 - $233,000 47.9
$58,001 - $116,000 14.6
$0 - $58,000 2.7

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
43.5328467153285 14.1868512110727

Number Of Homes And Apartments:
7,120

Gretna Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
87.01% 3.14%
8
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,167 / per month

Homeownership Rate

Homeownership
Owners 46.71
Renters 53.29
Vacant 12.30

Housing Market Details

 

Age of Homes

AGE OF Gretna HOMES
2000 or Newer 7.9
1970 - 1999 25.5
1940 - 1969 55.4
1939 or Older 11.3

Types of Homes

TYPE OF Gretna HOMES
Single-Family 65.6
Townhomes 9.7
Small Apt. Buildings 6.2
Apt. Complexes 18.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Gretna HOMES
No Bedroom 4.91
1 Bedroom 16.95
2 Bedrooms 30.87
3 Bedrooms 33.43
4 Bedrooms 11.48
5 or more bedrooms 2.36