Gretna, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gretna Neighborhoods Since 2000




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 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

Gretna Housing Market Information

With a population of 17,880, 6,754 total housing units (homes and apartments), and a median house value of $170,334, 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 59.83% of the city's housing units. Other types of housing that are prevalent in Gretna include large apartment complexes or high rise apartments ( 18.86%), duplexes, homes converted to apartments or other small apartment buildings ( 10.99%), and a few row houses and other attached homes ( 9.56%).

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 59.25% of the city's housing hails from this era. Other housing ages represented in Gretna include homes built between 1970-1999 ( 23.01%) and housing constructed before 1939 ( 11.43%). There's also some housing in Gretna built between 2000 and later ( 6.31%).

Vacant housing appears to be an issue in Gretna. Fully 14.90% 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

Appreciation rates for homes in Gretna have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.49%, which ranks in the top 30% nationwide. This equates to an annual average Gretna house appreciation rate of 1.09%.

Appreciation rates are so strong in Gretna that despite a nationwide downturn in the housing market, Gretna real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gretna appreciation rates continue to be some of the highest in America, at 7.48%, which is higher than appreciation rates in 84.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gretna. Gretna appreciation rates in the latest quarter were at -1.40%, which equates to an annual appreciation rate of -5.49%.

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 90% 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:
$170,334

Gretna, LA HOME PRICES

Value Range
> $1,167,000 0.0
$875,001 - $1,167,000 0.3
$583,001 - $875,000 1.0
$467,001 - $583,000 0.9
$350,001 - $467,000 5.1
$233,001 - $350,000 18.8
$116,001 - $233,000 49.9
$58,001 - $116,000 18.6
$0 - $58,000 5.4

Very High for LA
Average for Nation

Value Relative to Nation Value Relative to State
41.5504511894996 12.5435540069686

Number Of Homes And Apartments:
6,754

Gretna 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
71.53% 3.18% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$905 / per month

Homeownership Rate

Homeownership
Owners 46.21
Renters 53.79
Vacant 14.90

Housing Market Details

 

Age of Homes

AGE OF Gretna HOMES
2000 or Newer 6.3
1970 - 1999 23.0
1940 - 1969 59.3
1939 or Older 11.4

Types of Homes

TYPE OF Gretna HOMES
Single-Family 59.8
Townhomes 9.6
Small Apt. Buildings 11.0
Apt. Complexes 18.9
Mobile Homes 0.7
Other 0.1

Home Size

SIZE OF Gretna HOMES
No Bedroom 3.25
1 Bedroom 16.71
2 Bedrooms 33.79
3 Bedrooms 33.60
4 Bedrooms 9.18
5 or more bedrooms 3.46